The prices in real estate in Port Reading, in the New Jersey 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 Reading has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $344. In the following month the price per sq.feet decreased to $296. The price for the following two months in (January, February) had a considerable decrease of 79 with regard to the prior two months. The price per sq.feet has increased 107 % 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 $286.75 to $308 during March, and April.
Based upon to the price in Port Reading (cities), this has gone up in the last 6 months. The price in November is $506,500, rising in December till $534,167. During the following two months (January, February) the price has had an average incrementation from $520,333.5 to $595,264. 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 $557,798.75 and $578,379 between March and April.