The average price in the Ondo 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 Ondo has risen considerably in the last 6 months. During November, the average price per m² was ₦ 37,433. The following month (December) the price increased to ₦ 42,442 per m². The following two months (January, February) went through a considerable deflation of 48 % 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 ₦ 29,590 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 (March, April).
Based upon to the price in Ondo(region), this has decreased considerably in the last 6 months. November has an average price of ₦ 52,199,264. During December the price had a strong deflation till ₦ 41,034,652. In the following two months the average price has decreased 47 % 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 ₦ 34,371,616 a .