The prices in real estate in Section, 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 Section has had a strong decrease during the last 6 months. In March, the average price per sq.feet was $2,384. In the following month the price per sq.feet decreased considerably to $178. The price for the following two months in (May, June) had a considerable decrease of 53 with regard to the prior two months. The price per sq.feet has had a considerable increase of 337 % 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 $981.5 to $3,306 during July, and August.
Based upon to the price in Section (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during March, is $339,182. During April the price went through a considerable rise reaching $390,575. During the following two months (May, June) the average price had a considerable increase of 140 % 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 $437,292 to $318,926, which means a 73 % fall.