The prices in real estate in Payne, in the Ohio 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 Payne has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,305. In the following month the price per sq.feet decreased considerably to $897. The price for the following two months in (December, January) had a considerable decrease of 5 with regard to the prior two months. The price per sq.feet has had a considerable increase of 261 % 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 $578.75 to $1,510 during February, and March.
Based upon to the price in Payne (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during October, is $127,071. During November the price went through a considerable rise reaching $181,110. During the following two months (December, January) the average price had a considerable reduction of 66 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 163 % during the last two months.