Final answer:
The comparative market analysis (CMA), also known as the sales comparison approach, is the most common appraisal approach for single-family housing, involving comparison with similar recently sold properties.
Step-by-step explanation:
The most common appraisal approach used in appraising single-family housing is the comparative market analysis (CMA), also known as the sales comparison approach.
This method compares the property being appraised with similar properties that have recently been sold in the same area.
The evaluation includes adjusting the price of the comparables for differences such as location, size, and amenities, to estimate the value of the subject property.
Appraisers often prefer this method for single-family homes as it provides a market-driven valuation based on actual sales data.