The prices in real estate in Redding, in the Connecticut 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 Redding has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $258. In May this price pretty much remained the same at a value of $247 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $252.5 to $253 per sq.feet. The price per sq.feet has had a considerable deflation of 50 % 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 $252.75 to $127 during August, and September.
Based upon to the price in Redding (cities), this has fallen considerably in the last 6 months. The average price for April is $808,994. During May the price had a slight fall till $743,171. During the following two months (June, July) the average price fell 95 % with regard to the previous two months. During the last two months the average price has had a strong fall compared to the previous four going from $754,809 to $388,683, which means a 51 % fall.