The average price in the Edo region has had a strong decrease in recent months. There has been a strong deflation in the prices in this region.
The price per m² in Edo has risen considerably in the last 6 months. During October, the average price per m² was ₦ 84,138. The following month (November) the price had a considerable deflation reaching ₦ 23,763 per m². The following two months (December, January) went through a considerable deflation of 44 % in the price per m² with regard to the previous two. In the last two months, the price per m² has had a significant decrease of 0 %. This has been obtained by comparing the price of ₦ 38,856.75 for the first four months of the sample with regard to the previous 4 months and the price of per m² for the last two months (February, March).
Based upon to the price in Edo(region), this has decreased considerably in the last 6 months. October has an average price of ₦ 71,331,250. During November the price had a strong deflation till ₦ 12,965,789. In the following two months the average price has decreased 31 % compared to the previous two. During the last two months the price has had a considerable reduction of 0 % with respect to the previous four months going from ₦ 27,557,154 a .