comparative market analysis

comparative market analysis definition - business

comparative market analysis

An informal evaluation of a property's market value by researching the prices at which similar properties sold within the last year. A comparative market analysis is generally undertaken in order to establish a price at which to list the property for sale. Also called market comparison appraisal.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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