Suppose That We Observe Two Comparable Properties That Have Each

Multiple Choice

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%