The prices in real estate in Nora Springs, in the Iowa 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 Nora Springs has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $130. In the following month the price per sq.feet decreased to $122. The price for the following two months in (January, February) had a considerable decrease of 61 with regard to the prior two months. The price per sq.feet has had a considerable increase of 127 % 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 $101.5 to $129 during March, and April.
Based upon to the price in Nora Springs (cities), this has gone up considerably in the last 6 months. The price in November is $169,291, rising in December till $191,072. During the following two months (January, February) the average price fell 87 % 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 162 % during the last two months.