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What is the average monthly rate of increase

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Problem - 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 %

Reference no: EM132668828

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