The prices in real estate in Silver Lake, in the Indiana 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 Silver Lake has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $88. In the following month the price per sq.feet decreased to $80. The price for the following two months in (February, March) had a considerable decrease of 44 with regard to the prior two months. The price per sq.feet has had a considerable increase of 132 % 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 $60.5 to $80 during April, and May.
Based upon to the price in Silver Lake (cities), this has fallen considerably in the last 6 months. The average price for December is $104,122. During January the price had a slight fall till $89,640. During the following two months (February, March) the average price had a considerable reduction of 49 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has risen strongly 135 % during the last two months.