Property prices for sale in Red Banks (Mississippi)
The prices in real estate in Red Banks, 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 Red Banks has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,090. In the following month the price per sq.feet increased considerably to $9,583. The price for the following two months in (January, February) had a considerable decrease of 2 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 5 % 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 $3,984 to $189.5 during March, and April.
Based upon to the price in Red Banks (cities), these have remained the same in the last 6 months. The average price for November is $390,330. During December the price had a considerable reduction till $235,730. During the following two months (January, February) the average price had a considerable increase of 122 % 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 126 % during the last two months.
