The line graph shows the average cost of housing in Sometown in the second half of the year 2005. It is clear that the prices of both sold and unsold houses had fluctuated over the period.
According to the graph, the asking price of unsold properties peaked in July at around $335, 000 dollars and then the figure decreased to its lowest level of nearly $319, 000, which was reached in September. A slight fluctuation occurred in the following months where the average prices of homes for sale increased by 10 thousand dollars in October and declined to just above 320, 000 dollars in December.
Similarly, the average price of sold properties had varied widely over the period, except the values were lower. The months of July and August recorded average prices of around $300, 000 and $303, 000 dollars respectively. Then, prices reached the bottom at 290, 000 in the next two months before it rose significantly and registered its highest value in December at almost $308, 000.
In conclusion, there was a significant difference between the asking and selling price and the gap narrowed towards the end of 2005 as sellers’ expectations moved closer to achievable prices.
The line graph
shows
the
average
cost of housing in
Sometown
in the second half of the year 2005. It is
clear
that the
prices
of both sold and unsold
houses
had fluctuated over the period.
According to the graph, the asking
price
of unsold properties peaked in July at around $335, 000
dollars
and then the figure decreased to its lowest level of
nearly
$319, 000, which
was reached
in September. A slight fluctuation occurred in the following
months where
the
average
prices
of homes for sale increased by 10 thousand
dollars
in October and declined to
just
above 320, 000
dollars
in December.
Similarly
, the
average
price
of sold properties had varied
widely
over the period, except the values were lower. The months of July and August recorded
average
prices
of around $300, 000 and $303, 000
dollars
respectively
. Then,
prices
reached the bottom at 290, 000 in the
next
two months
before
it rose
significantly
and registered its highest value in December at almost $308, 000.
In conclusion
, there was a significant difference between the asking and selling
price
and the gap narrowed towards the
end
of 2005 as sellers’ expectations
moved
closer to achievable
prices
.