The prices in real estate in Penns Grove, in the New Jersey 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 Penns Grove has fallen in the last 6 months. In April, the average price per sq.feet was $88. In May this price pretty much remained the same at a value of $91 per sq.feet. In the following two months the price per sq.feet has increased 111 %, going from $89.5 to $99.5 per sq.feet. The price per sq.feet has had a considerable deflation of 53 % 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 $94.5 to $50.5 during August, and September.
Based upon to the price in Penns Grove (cities), this has gone downing the last 6 months. In our first sample month during April, the average price is $130,723. In May This price remains at $127,312. During the following two months (June, July) the price has had an average incrementation from $129,017.5 to $139,994.5. During the last two months the average price has had a strong fall compared to the previous four going from $134,506 to $74,772, which means a 56 % fall.