The prices in real estate in Ore City, in the Texas region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Ore City has fallen in the last 6 months. In September, the average price per sq.feet was $997. In the following month the price per sq.feet decreased considerably to $778. The price for the following two months in (November, December) had a considerable increment of 119 %. The price per sq.feet has had a considerable deflation of 78 % 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 $973.75 to $758.5 during January, and February.
Based upon to the price in Ore City (cities), this has fallen considerably in the last 6 months. The average price for September is $1,277,873. During October the price had a considerable reduction till $328,288. During the following two months (November, December) the average price had a considerable reduction of 35 % 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 $543,298.25 to $212,775.5, which means a 39 % fall.