The prices in real estate in New Salem, in the Pennsylvania 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 Salem has increased strongly during the last 6 months. In March, the average price per sq.feet was $5,088. In the following month the price per sq.feet increased considerably to $11,034. The price for the following two months in (May, June) had a considerable decrease of 84 with regard to the prior two months. The price per sq.feet has had a considerable increase of 296 % 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 $7,399.25 to $21,866.5 during July, and August.
Based upon to the price in New Salem (cities), this has fallen considerably in the last 6 months. The average price for March is $252,660. During April the price had a considerable reduction till $66,100. During the following two months (May, June) the average price had a considerable reduction of 75 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 138 % during the last two months.