If the trend below continues, which of the following is the best estimate of the average price of a home in 2016?
A. $155,000
B. $120,000
C. $125,000
D. $140,000
Looking at the given trend, it is observed that the price increases with years. From 2008 to 2012, the price is fairly constant but we expect it to be more than $130,000 in the year 2016. The expected price in 2016 is $140,000.
Therefore, the Correct Answer is D.