The prices in real estate in Oviedo, in the Florida 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 Oviedo has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $185. In May this price pretty much remained the same at a value of $192 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $188.5 to $191.5 per sq.feet. The price per sq.feet has had a considerable deflation of 51 % 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 $190 to $96 during August, and September.
Based upon to the price in Oviedo (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $408,398. In May This price remains at $414,559. In the following two months the average price has remained the same with regard to the previous two months from $411,478.5 to $419,993.5. During the last two months the average price has had a strong fall compared to the previous four going from $415,736 to $202,472.5, which means a 49 % fall.