The prices in real estate in Reed Point, in the Montana 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 Reed Point has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $6,652. In the following month the price per sq.feet decreased considerably to $4,954. The price for the following two months in (January, February) decreased 89 % with regard to the prior two months. The price per sq.feet has decreased 85 % 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 $5,478 to $4,658.5 during March, and April.
Based upon to the price in Reed Point (cities), this has gone downing the last 6 months. The average price during our first sample month during November, is $2,923,333. During December the price went through a considerable rise reaching $3,762,500. During the following two months (January, February) the average price had a considerable reduction of 80 % 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 $3,001,875 to $1,843,300, which means a 61 % fall.