Qualitative Analysis
Comparison analysis that ranks comparables as superior, inferior, or similar to the subject without assigning dollar amounts. Often used alongside quantitative adjustments when the data cannot support precise measurement.
Related Terms
Quantitative Analysis
Comparison analysis that measures differences between the subject and comparables in dollars or percentages, supported by techniques such as paired sales analysis, cost-based estimates, or statistical methods like regression..
Sales Comparison Approach
A valuation method that estimates a property's value by comparing it to similar properties that have recently sold in the same market area.
Adjustment
A dollar or percentage modification applied to a comparable sale's price to account for differences between the comparable and the subject property.
More in Market Analysis
View allMarket Conditions
The current state of supply and demand in the real estate market for a particular property type in a defined area.
Absorption Rate
The rate at which available properties are sold or leased in a specific market during a given time period.
Days on Market (DOM)
DOMThe number of days between when a property is listed for sale and when it goes under contract.
Months of Supply
The estimated time it would take to sell all current listings at the current sales pace, calculated by dividing active inventory by the average monthly sales rate.