Property prices for sale in Norris (Tennessee)
The prices in real estate in Norris, in the Tennessee 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 Norris has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $219. In the following month the price per sq.feet decreased to $202. In the following two months the price per sq.feet has barely changed, going from $210.5 to $221 per sq.feet. The price per sq.feet has had a considerable deflation of 54 % 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 $215.75 to $115.5 during March, and April.
Based upon to the price in Norris (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $407,167. In December This price remains at $400,938. During the following two months (January, February) the average price fell 91 % 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 $386,305 to $156,031.5, which means a 40 % fall.
