What is market conditions adjustment?
The appraisal adjustment that corrects a comparable’s price for changes in the market between its sale date and the valuation date, the adjustment that accounts for the passage of time. A transactional adjustment applied before property adjustments.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.