Bob and Linda enter into an oral contract in which Bob agrees to sell his home to Linda for the price of $150,000. Does the contract need to be in writing?

A. Yes, it must be in writing under the statue of frauds because it is the sale of real property.

B. No, it can be oral and still enforceable under the statute of frauds because it can be completed within a year.

C. Yes, it must be in writing under the statue of frauds to be enforceable because it exceeds $500.

D. No, it can be oral and still enforceable if there is a confirming memorandum.