Comparable sales adjustments, Assessment ratios
This paper presents an easily understood and applied time adjustment method that real estate professionals can use to more accurately measure real estate price appreciation on a monthly or quarterly basis. The proposed method produces a constant-quality price index that controls for locational and structural characteristics. A step-by-step guide to producing a simplified price index is given in the appendix.
Clapp, John M.; Richo, Gregory F.; and Giaccotto, Carmelo
"Adjusting for time using sales-ratio data,"
Assessment Journal: Vol. 1:
1, Article 5.
Available at: https://researchexchange.iaao.org/assessment_journal/vol1/iss1/5