Question: In using transaction data to determine the current value of the subject property, it a important to recognize that general market conditions may have changed
In using transaction data to determine the current value of the subject property, it a important to recognize that general market conditions may have changed since a particular transaction occurred. Property A sold 18 months ago for $235,000 and Property B sold 12 months ago for $215,000. If the two properties are pried today at $239, 500 and $222, 300, respectively, what is the average monthly rate of increase that can be used to adjust comparable prices for changes market conditions? 0.09% 0.17% 0.19% 0.32%
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