Using non-numeric techniques to reconcile comparable sales into an indication of value is considered which type of analysis?

• A. Quantitative
• B. Economic analysis
• C. Qualitative
• D. Narrative analysis

Answer: (C)

Qualitative analysis is used when reconciling comparable sales with non-numeric techniques. In the Sales Comparison Approach, after collecting the data from the comparables, you weigh which properties are most similar and explain how factors like location desirability, condition, quality of improvements, upgrades, and current market sentiment affect the value. This relies on descriptive judgment rather than a fixed mathematical formula, so the final value is supported with narrative reasoning about why certain comps carry more weight. Quantitative analysis would rely on numerical adjustments and statistics; economic analysis looks at broader market forces; the idea here is using non-numeric, descriptive judgment to reach the value indication.