The prices in real estate in Redkey, in the Indiana region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Redkey has increased strongly during the last 6 months. In November, the average price per sq.feet was $49. In December this price pretty much remained the same at a value of $50 per sq.feet. The price for the following two months in (January, February) had a considerable increment of 2879 %. The price per sq.feet has had a considerable increase of 309 % 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 $737.25 to $2,279.5 during March, and April.
Based upon to the price in Redkey (cities), this has fallen considerably in the last 6 months. In our first sample month during November, the average price is $194,750. In December This price remains at $192,071. During the following two months (January, February) the average price had a considerable reduction of 77 % with regard to the previous two months. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 95 %, going from $170,876.5 to $161,961.5 in March and April.