The graph shows the annual % changes in the prices of new houses and existing houses in the United Kingdom between 2010 and 2012.
What can be concluded about the graph?

1 )
In the period after October 2010, new houses were more expensive than existing houses.
2 )
In the period up until January 2011, there was a steady fall in the prices of existing houses.
3 )
The average price of existing houses was lower in March 2012 than two years earlier.
The prices of new houses continued to rise throughout the period.
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