The prices in real estate in Oakes, in the North Dakota 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 Oakes has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $53. In the following month the price per sq.feet decreased considerably to . In the following two months the price per sq.feet has increased 111 %, going from $26.5 to $29.5 per sq.feet. The price per sq.feet has had a considerable increase of 246 % 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 $28 to $69 during February, and March.
Based upon to the price in Oakes (cities), this has fallen considerably in the last 6 months. The average price for October is $190,950. During November the price had a considerable reduction till . During the following two months (December, January) the average price fell 86 % 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 193 % during the last two months.