The prices in real estate in Verden, in the Oklahoma 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 Verden has had a strong decrease during the last 6 months. In November, the average price per sq.feet was $110. In the following month the price per sq.feet increased considerably to $168. The price for the following two months in (January, February) had a considerable decrease of 38 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 40 % 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 $96.25 to $38.5 during March, and April.
Based upon to the price in Verden (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during November, is $102,333. During December the price went through a considerable rise reaching $528,800. During the following two months (January, February) the average price had a considerable reduction of 20 % 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 $189,617.75 to $42,428.5, which means a 22 % fall.