Property prices for sale in Rector (Arkansas)
The prices in real estate in Rector, in the Arkansas 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 Rector has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $112. In the following month the price per sq.feet decreased to $103. 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 had a considerable deflation of 82 % 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 $96.25 to $79 during March, and April.
Based upon to the price in Rector (cities), this has fallen considerably in the last 6 months. The average price for November is $285,386. During December the price had a considerable reduction till $204,112. In the following two months the average price has remained the same with regard to the previous two months from $244,749 to $242,493. During the last two months the average price has had a strong fall compared to the previous four going from $243,621 to $121,258, which means a 50 % fall.
