Final answer:
A market adjustment for the differences between a subject property and comparable sales can be expressed as an adjustment factor.
Step-by-step explanation:
When comparing a subject property to comparable sales in real estate, a market adjustment can be expressed as an adjustment factor.
This adjustment factor is used to account for differences between the subject property and the comparable sales, such as the size, location, amenities, and condition of the properties. The adjustment factor is applied to the sales prices of the comparable properties to estimate the market value of the subject property.
For example, if the subject property is smaller than the comparable sales, a negative adjustment factor might be applied to decrease the sales prices of the comparable properties to reflect the lower value of the subject property.