The prices in real estate in North Richland Hills, in the Texas 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 North Richland Hills has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $170. In May this price pretty much remained the same at a value of $173 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $171.5 to $170 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $170.75 to $86.5 during August, and September.
Based upon to the price in North Richland Hills (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $349,626. In May This price remains at $361,132. In the following two months the average price has remained the same with regard to the previous two months from $355,379 to $357,146.5. During the last two months the average price has had a strong fall compared to the previous four going from $356,262.75 to $184,200.5, which means a 52 % fall.