Market Approach

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January 1, 1 6 min read Definitions

Market Approach Sales Comparison Approach Real Estate Valuation Comparable Sales Comps

The Market Approach, also known as the Sales Comparison Approach, is a real estate valuation method that compares a property with similar recently sold properties in the same area. This approach is commonly used for residential real estate and helps to determine the fair market value by looking at comparable sales (comps).