The prices in real estate in Port Gibson, in the Mississippi 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 Port Gibson has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $2,506. In the following month the price per sq.feet increased to $2,647. The price for the following two months in (January, February) had a considerable decrease of 25 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 $1,614.25 to $785.5 during March, and April.
Based upon to the price in Port Gibson (cities), this has fallen considerably in the last 6 months. The average price for November is $278,925. During December the price had a considerable reduction till $226,067. During the following two months (January, February) the average price had a considerable reduction of 51 % 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 171 % during the last two months.