The prices in real estate in Orr, in the Minnesota region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Orr has increased strongly during the last 6 months. In November, the average price per sq.feet was $718. In December this price pretty much remained the same at a value of $739 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 797 %. The price per sq.feet has had a considerable deflation of 82 % 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 $3,267.5 to $2,667.5 during March, and April.
Based upon to the price in Orr (cities), this has gone up considerably in the last 6 months. In our first sample month during November, the average price is $361,257. In December This price remains at $357,153. During the following two months (January, February) the average price had a considerable increase of 139 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 87 %, going from $429,349.25 to $371,835 in March and April.