The prices in real estate in Petrolia, in the Pennsylvania 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 Petrolia has fallen in the last 6 months. In November, the average price per sq.feet was $45. In December this price pretty much remained the same at a value of $44 per sq.feet. The price for the following two months in (January, February) decreased 94 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 81 % 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 $43.25 to $35 during March, and April.
Based upon to the price in Petrolia (cities), this has fallen considerably in the last 6 months. The average price for November is $71,560. During December the price had a slight fall till $66,550. In the following two months the average price has remained the same with regard to the previous two months from $69,055 to $65,694. During the last two months the average price has had a strong fall compared to the previous four going from $67,374.5 to $52,066.5, which means a 77 % fall.