The prices in real estate in Rex, in the Georgia 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 Rex has had a strong decrease during the last 6 months. In February, the average price per sq.feet was $92. In the following month the price per sq.feet increased to $97. In the following two months the price per sq.feet has barely changed, going from $94.5 to $97 per sq.feet. The price per sq.feet has had a considerable deflation of 46 % 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 $95.75 to $44.5 during June, and July.
Based upon to the price in Rex (cities), this has gone downing the last 6 months. In our first sample month during February, the average price is $150,624. In March This price remains at $157,440. During the following two months (April, May) the price has had an average incrementation from $154,032 to $172,903.5. During the last two months the average price has had a strong fall compared to the previous four going from $163,467.75 to $97,872.5, which means a 60 % fall.