The prices in real estate in Rocky Mount, in the Virginia 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 Rocky Mount has increased strongly during the last 6 months. In April, the average price per sq.feet was $4,100. In the following month the price per sq.feet increased considerably to $5,243. The price for the following two months in (June, July) had a considerable increment of 223 %. The price per sq.feet has had a considerable deflation of 75 % 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 $7,542.5 to $5,682.5 during August, and September.
Based upon to the price in Rocky Mount (cities), this has fallen considerably in the last 6 months. The average price during our first sample month during April, is $481,356. During May the price went through a considerable rise reaching $571,386. During the following two months (June, July) the average price fell 89 % 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 $497,623 to $156,500, which means a 31 % fall.