The prices in real estate in Nova, in the Ohio 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 Nova has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $3,572. In the following month the price per sq.feet decreased considerably to $148. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $1,651.75 to $79.5 during March, and April.
Based upon to the price in Nova (cities), this has fallen considerably in the last 6 months. The average price for November is $1,185,500. During December the price had a considerable reduction till $825,000. During the following two months (January, February) the average price had a considerable reduction of 50 % 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 $752,270 to $465,800, which means a 62 % fall.