The prices in real estate in Opp, in the Alabama 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 Opp has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $1,043. In the following month the price per sq.feet decreased considerably to $558. The price for the following two months in (January, February) had a considerable decrease of 41 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 46 % 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 $564.5 to $257.5 during March, and April.
Based upon to the price in Opp (cities), this has gone up in the last 6 months. In our first sample month during November, the average price is $154,212. In December This price remains at $157,066. In the following two months the average price has remained the same with regard to the previous two months from $155,639 to $155,521. Based on an analysis of the first four prices and the last two months the average price has risen strongly 120 % during the last two months.