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 two years. Property A sold 24 months ago for $350,000 and Property B sold 18 months ago for $325,000. If the two properties were sold today at $375,000 and $340,000, respectively, estimate the change in market conditions (percentage change in price) per month, assuming we equally weight the two properties in our analysis?

A) 0.19%
B) 0.24%
C) 0.28%
D) 0.33%