Question

In october 2011, the average house price in the united states was $242,300. in october 2004, the average price was $289,600. required: what was the annual change in the average selling price?

Answer 1

Average house price:October 2004 : $289,600.October 2011: $242,300 ( 7 years later ).$289,600 - $242,300 = $47,300$47,300 : 7 = $6,757.14Answer: The annual change in average price - it it decreasing for $6,757.14 every year.