What type of analysis helps determine the value of a property based on recent sales?

The correct choice is comparative market analysis, which is a fundamental tool used in real estate to evaluate the value of a property by examining the sale prices of similar properties in the same area within a recent timeframe. This process involves gathering data on properties that are comparable in size, location, amenities, and other relevant features, allowing real estate professionals to estimate a fair market value based on objective market trends.

By utilizing recent sales data, a comparative market analysis provides a clearer picture of what buyers are willing to pay for similar homes, thereby helping buyers and sellers make informed decisions. This analysis is essential for pricing listings appropriately and ensuring that properties do not sit on the market for too long or sell for less than they are worth.

The other choices, such as the Community Reinvestment Act, are related to promoting access to housing and preventing discriminatory lending practices but do not directly involve property valuation through market comparisons. Common law refers to legal principles and precedents rather than property evaluation methods, and commission pertains to the fees paid to agents for their services, rather than determining property values.