The prices in real estate in New Madison, in the Ohio region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in New Madison has increased strongly during the last 6 months. In October, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $152. The price for the following two months in (December, January) had a considerable increment of 115 %. The price per sq.feet has decreased 95 % 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 $81.75 to $77.5 during February, and March.
Based upon to the price in New Madison (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is . During November the price went through a considerable rise reaching $450,000. During the following two months (December, January) the average price had a considerable reduction of 81 % 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 $204,178.5 to $88,587.5, which means a 43 % fall.