A comparable market analysis is the term used by real estate professionals for a report completed in an attempt to determine market value. Typically an agent will collect information about homes that are similar to the subject property and if possible, located within a one mile radius or closest proximaty. The data collected will generally include 3-6 listings of active, sold and expired listings. The differences are taken into consideration, often completing an additional step known as an adjusted market analysis where dollar adjustments, both positive and negative are made for the differences. Although these are traditional approaches to determining value, less emphasis is put on sold property when the driving force behind value is supply and demand. It is important to identify your range of value, determine the number of months inventory (supply) and how many sales are ocurring (demand). If three homes are selling per month in your range, you need to study the active homes and be certain you are perceived as the best value.