The prices in real estate in Pontotoc, in the Mississippi region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Pontotoc has increased strongly during the last 6 months. In November, the average price per sq.feet was $902. In the following month the price per sq.feet increased considerably to $1,471. The price for the following two months in (January, February) had a considerable increment of 151 %. The price per sq.feet has had a considerable increase of 331 % 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 $1,487.5 to $4,927.5 during March, and April.
Based upon to the price in Pontotoc (cities), these have remained the same in the last 6 months. In our first sample month during November, the average price is $229,823. In December This price remains at $229,670. In the following two months the average price has remained the same with regard to the previous two months from $229,746.5 to $224,950.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $227,348.5 and $233,586.5 between March and April.