Property Valuation
When market data indicates that comparable sales prices are increasing, a time adjustment to a sale from 6 months ago would be:
ANegative (downward)
BPositive (upward)✓ Correct
CNo adjustment
DDetermined by the appraiser arbitrarily
Explanation
If values have risen since the comparable sold, a positive (upward) time adjustment is needed to bring the comparable's value in line with current market conditions.
Related Alabama Property Valuation Questions
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