The average price in the Gingoog City 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 Gingoog City has risen considerably in the last 6 months. During October, the average price per m² was ₱ 5,003. The following month (November) the price had a considerable deflation reaching per m². The following two months (December, January) went through a considerable deflation of 77 % in the price per m² with regard to the previous two. In the last two months, the price per m² has increased 112 %. This has been obtained by comparing the price ₱ 2,210.25 for the first four months of the sample with regard to the previous 4 months and the price ₱ 2,478.5 per m² for the last two months (February, March).
Based upon to the price in Gingoog City(region), this has decreased considerably in the last 6 months. October has an average price of ₱ 40,433,333. During November the price had a strong deflation till . In the following two months the average price has decreased 36 % compared to the previous two. During the last two months the price has had a considerable reduction of 16 % with respect to the previous four months going from ₱ 13,731,500 a ₱ 2,216,666.5.
