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An Introduction to Market Components and Interactions
Feature article originally published in The Appraisal Journal Winter 2013 issue.
11 pages, PDF Download
This article presents an introduction to analyzing and understanding market behavior in residential markets. The discussion specifically addresses four key components in a real estate market: demand, the relationship between supply and demand, competition, and marketability. The article emphasizes that market analysis requires gathering data or market indicators relevant to each of these individual components.
David A. Braun, MAI, SRA
Appraisal Institute Individuals can view and download the entire current issue and past tables of contents articles at no charge at http://www.myappraisalinstitute.org/taj/default.aspx (Log-in is Required)