The prices in real estate in West Salem, 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 West Salem has had a strong decrease during the last 6 months. In April, the average price per sq.feet was $120. In the following month the price per sq.feet increased to $137. The price for the following two months in (June, July) had a considerable decrease of 52 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 58 % 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 $97.5 to $56.5 during August, and September.
Based upon to the price in West Salem (cities), this has fallen considerably in the last 6 months. In our first sample month during April, the average price is $223,900. In May This price remains at $223,233. During the following two months (June, July) the average price had a considerable reduction of 53 % 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 $170,514.5 to $139,380, which means a 82 % fall.