The prices in real estate in Reform, in the Alabama 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 Reform has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $136. In December this price pretty much remained the same at a value of $142 per sq.feet. The price for the following two months in (January, February) had a considerable decrease of 78 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 71 % 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 $123.75 to $87.5 during March, and April.
Based upon to the price in Reform (cities), this has gone downing the last 6 months. The average price during our first sample month during November, is $201,577. During December the price went through a considerable rise reaching $232,522. During the following two months (January, February) the average price had a considerable reduction of 81 % 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 $196,005.25 to $164,236, which means a 84 % fall.