IELTS WRITING TASK-01, REPORT WRITING, LINE GRAPH, The graph describes mean house prices in the city in 2005. Summarise the information by selecting and reporting the main features, and make comparisons where relevant. Write at least 150 words.
The bar graph demonstrates the mean value of houses in the city over the time frame of the last six months of 2005. Overall, the median house prices had fluctuated. The price of a new house dropped, while the reverse trend was observed in the price of old homes. At the beginning of July-05, the average market price of a new build house was around 335 thousand dollars, which was $35 grand more than the value of an owned house. From July 2005 to September 2005, the average price on the market was fall to $320 grand. Whereas, the valuation of the sold houses was slightly gain in August and the fall by around $10500. There was a significant hike seen in the price of the new house to around $330000, whereas the value of old houses remains constant for the next month. In the last two months of 2005, the median of the new house price was dropped steadily from $330000 to $320000. While the average prices of old houses rose dramatically to about $380000.