The prices in real estate in South Pittsburg, in the Tennessee 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 Pittsburg has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $6,820. In the following month the price per sq.feet decreased considerably to $5,408. The price for the following two months in (June, July) had a considerable decrease of 76 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 48 % 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 $5,367 to $2,553.5 during August, and September.
Based upon to the price in South Pittsburg (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during April, is $58,606. During May the price went through a considerable rise reaching $163,213. During the following two months (June, July) the average price had a considerable increase of 158 % 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 $143,202.75 to $79,477, which means a 55 % fall.