The prices in real estate in South Milwaukee, in the Wisconsin 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 South Milwaukee has had a strong decrease during the last 6 months. In December, the average price per sq.feet was $131. In January this price pretty much remained the same at a value of $130 per sq.feet. In the following two months the price per sq.feet has barely changed, going from $130.5 to $132.5 per sq.feet. The price per sq.feet has had a considerable deflation of 54 % 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 $131.5 to $71 during April, and May.
Based upon to the price in South Milwaukee (cities), this has fallen considerably in the last 6 months. In our first sample month during December, the average price is $192,908. In January This price remains at $196,762. During the following two months (February, March) the average price fell 94 % 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 $189,014 to $106,979.5, which means a 57 % fall.