The graph demonstrates the average house prices in three countries, A, B, and C, from 1997 to 2014.
Over the time period, average housing prices in all three countries had generally climbed. Additionally, for the vast majority of the period, country A’s average house cost was greater than those of countries B and C.
Country A’s average property cost increased considerably from $130K in 1997 to $510K in 2003. Housing prices, however, witnessed a minor fall of $80K between 2003 and 2006, followed by a gradual recovery until 2014, when prices peaked at $625K.
In 1997, the average property price in countries B and C was approximately $125,000. Yet, by 2005, the average house price in country B rose to around $375K, whereas prices in country C only increased to around $250K by 2007. Prices in nation B were markedly lower from 2005 to 2008, then significantly higher until 2012, when prices fell to roughly $500K at the end of the period. Likewise, prices in country C declined until 2008, then climbed steadily until 2013 after slightly dropping to roughly $260K.