What is a key characteristic of a well-conducted Sales Study?

A well-conducted Sales Study is characterized by its comprehensive approach to data, which includes both up-to-date and historical data. This characteristic is crucial because analyzing current trends alongside historical data allows for a more robust understanding of market dynamics and property values. By integrating various time periods, the study can identify patterns, fluctuations, and anomalies over time, enabling analysts to draw more accurate conclusions about the market.

Using current data provides insights into present conditions and immediate factors affecting sales, while historical data can reveal long-term trends and how various external factors have influenced market behavior. This combined perspective enhances the reliability of the study's findings and supports better decision-making regarding valuation and assessment practices.