The prices in real estate in Olney, in the Illinois 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 Olney has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $80. In December this price pretty much remained the same at a value of $78 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 46 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 0 % 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 $57.75 to during March, and April.
Based upon to the price in Olney (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during November, is $140,256. During December the price went through a considerable rise reaching $183,033. During the following two months (January, February) the average price had a considerable reduction of 43 % 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 $115,340 to , which means a 0 % fall.