Property Valuation
In a buyer's market, an appraiser would expect to see:
AMultiple competing offers on listed properties
BExtended marketing times and sale prices at or below list price✓ Correct
CLow inventory and rapidly rising prices
DDevelopers building large numbers of new units
Explanation
In a buyer's market, supply exceeds demand — there are more properties available than buyers. This results in extended marketing times, properties selling at or below list price, and buyers having more negotiating power. Appraisers must identify the current market conditions and ensure comparables reflect those conditions.
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