Question: Suppose that we observe two comparable properties that have each sold twice within the past two years. Property A sold 18 months ago for $350,000

Suppose that we observe two comparable properties that have each sold twice within the past two years. Property A sold 18 months ago for $350,000 and Property B sold 12 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?

0.28%

0.24%

0.39%

0.19%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!