The prices in real estate in Summertown, 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 Summertown has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $3,307. In the following month the price per sq.feet decreased considerably to $2,232. The price for the following two months in (December, January) had a considerable decrease of 17 with regard to the prior two months. The price per sq.feet has had a considerable increase of 256 % 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 $1,625 to $4,166.5 during February, and March.
Based upon to the price in Summertown (cities), this has gone up in the last 6 months. The price in October is $323,468, rising in November till $360,801. During the following two months (December, January) the price has had an average incrementation from $342,134.5 to $360,448.5. During the last two months, the average price has reduced with regard to the previous ones. To be precise it has gone down 93 %, going from $351,291.5 to $326,670 in February and March.