In Using Transaction Data to Determine the Current Value of the Subject

question 29

Multiple Choice

In using transaction data to determine the current value of the subject property, it is 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 priced 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 in market conditions?

• A) 0.09%
• B) 0.17%
• C) 0.19%
• D) 0.32%

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