Competitive market analysis (Comps)

Learn about the definition for this legal term.

What is Competitive market analysis (Comps)?

A property evaluation that determines property value by comparing similar properties sold within the last year.

Further Reading

For more detailed information, see our related Real Property terms:

Pass the Bar, Guaranteed

BarPrepHero Premium offers the most complete collection of real bar exam questions licensed directly from NCBE (the organization that writes the exam).
Bar Exam starts in:
Days
Hrs
Mins
Secs
Study better now