CA Market Condition

What it is

The CA Market Condition (1004MC) report is an addendum to the appraisal report. It is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum is required with all one- to four-unit property appraisals performed on or after April 1, 2009.

Market Applications

The Market Conditions Addendum is intended to provide the lender/client with a clear and accurate understanding of the market trends and conditions prevalent in the surrounding neighborhood of the subject property. The form provides a structured format to report the data and to more easily identify current market trends and conditions. These conclusions must be reported in the “Neighborhood” section of the report.

A number of the required market indicators in the 1004 MC Addendum are quite complex to calculate, when done correctly. The Collateral Analytics 1004 MC does this automatically using its extensive local market database. In addition, the Collateral Analytics 1004 MC automatically does the underlying analysis to objectively define and chart the trend direction of each of the required market indicators.

Input/Output Features

Market condition analysis including:

  • Total number of comparable sales (settled)
  • Absorption rate (total sales/months)
  • Total number of comparable active listings
  • Months of housing supply (total listings/absorption rate)
  • Median comparable sale price
  • Median comparable sales days on market
  • Median comparable list price
  • Median comparable listings days on market
  • Median sale price as percentage of list price
  • Condo project – subject project data
  • Total number of comparable sales (settled)
  • Trend charts for all series
  • Current and retroactive report capability
  • Comparable selection by neighborhood, sub zip, or distance (radius)
  • Comparable selection by filter of property characteristics (living area, bed, bath, land area, age, sold price and list price)
  • Detailed subject property characteristics
  • Look up subject property by owner name or parcel number
  • Report download to CA PDF or Fannie Mae/Freddie Mac editable PDF addendum report.


The CA Market Condition (1004MC) reports are available through the CA website, XML delivery or batch requests.

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