The prices in real estate in Oak Hill, in the West Virginia 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 Oak Hill has had a strong decrease during the last 6 months. In July, the average price per sq.feet was $237. In the following month the price per sq.feet decreased considerably to $67. The price for the following two months in (September, October) had a considerable decrease of 43 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $108.75 to $77.5 during November, and December.
Based upon to the price in Oak Hill (cities), this has gone up in the last 6 months. In our first sample month during July, the average price is $111,187. In August This price remains at $113,688. In the following two months the average price has remained the same with regard to the previous two months from $112,437.5 to $113,497. Based on an analysis of the first four prices and the last two months the average price has risen strongly 117 % during the last two months.