The prices in real estate in Saginaw, in the Michigan 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 Saginaw has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $88. In May this price pretty much remained the same at a value of $87 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $87.5 to $89 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 $88.25 to $41 during August, and September.
Based upon to the price in Saginaw (cities), this has fallen considerably in the last 6 months. The price in April is $120,370, rising in May till $135,518. In the following two months the average price has remained the same with regard to the previous two months from $127,944 to $124,617.5. During the last two months the average price has had a strong fall compared to the previous four going from $126,280.75 to $55,422.5, which means a 44 % fall.