This is a report that shows recent sales of nearby homes that are comparable. A comparable is usually denoted by a home in the same neighborhood with similar square footage (size) of the house, number of rooms, number of bedrooms and bathrooms, and size of the property the house sits on.
The report usually lists the price the house was offered at, the price it sold for, and the date of the sale. While this report is often considered the gold standard for determining both sale price and offer price, in today’s quickly changing market the information may be outdated by the time the buyer sees it. In the current climate, any home sale before the last sixty days probably will not accurately reflect the true market price.