The prices in real estate in Pittsburgh, in the Pennsylvania 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 Pittsburgh has had a strong decrease during the last 6 months. In May, the average price per sq.feet was $180. In June this price pretty much remained the same at a value of $171 per sq.feet. The price for the following two months in (July, August) decreased 95 % with regard to the prior two months. The price per sq.feet has had a considerable deflation of 49 % 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 $171 to $84 during September, and October.
Based upon to the price in Pittsburgh (cities), this has fallen considerably in the last 6 months. The average price for May is $497,727. During June the price had a slight fall till $430,740. In the following two months the average price has remained the same with regard to the previous two months from $464,233.5 to $481,732. During the last two months the average price has had a strong fall compared to the previous four going from $472,982.75 to $199,925, which means a 42 % fall.