Question

Suppose that we observe two comparable properties that have each sold twice within the past four years. Property A sold 24 months ago for $500,000 and Property B sold 48 months ago for $575,000. If the two properties were sold today at $425,000 and $465,000, respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis?

A. -0.56%

B. -0.51%

C. 0.61%

D. 0.68%

Answer

This answer is hidden. It contains 1 characters.