The prices in real estate in New Lothrop, in the Michigan region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in New Lothrop has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $114. In the following month the price per sq.feet decreased to $106. In the following two months the price per sq.feet has barely changed, going from $110 to $110 per sq.feet. The price per sq.feet has had a considerable deflation of 0 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $110 to during March, and April.
Based upon to the price in New Lothrop (cities), this has fallen considerably in the last 6 months. The price in November is $183,768, rising in December till $204,247. During the following two months (January, February) the average price had a considerable increase of 125 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $218,500.75 to , which means a 0 % fall.