Cash Equivalency
A sale price restated as if the transaction were all-cash on market terms. Below-market financing, seller concessions, and unusual terms are analyzed and adjusted out so comparables reflect value rather than financing effects.
Related Terms
Seller Concessions
Costs the seller pays on the buyer's behalf — closing costs, rate buydowns, repairs credits.
Market Value
The most probable price that a property should bring in a competitive and open market under all conditions requisite to a fair sale, with the buyer and seller each acting prudently and knowledgeably, and assuming the price is not affected by undue stimulus..
Adjustment
A dollar or percentage modification applied to a comparable sale's price to account for differences between the comparable and the subject property.
More in Market Analysis
View allMarket Conditions
The current state of supply and demand in the real estate market for a particular property type in a defined area.
Absorption Rate
The rate at which available properties are sold or leased in a specific market during a given time period.
Days on Market (DOM)
DOMThe number of days between when a property is listed for sale and when it goes under contract.
Months of Supply
The estimated time it would take to sell all current listings at the current sales pace, calculated by dividing active inventory by the average monthly sales rate.