My appraisal came back low – you can see my previous post about all the issues with it, but I wanted to ask specifically about market trend. The appraiser chose the first comp on a house sold 8 months ago. Comps 2 and 3 are from houses sold 2 months ago. Anyone not living under a rock should know house prices have increased dramatically, to the tune of 10-15% in the last year, or about 1% a month. The appraiser’s report did not make any adjustment for this at all. The appraisal actually came back LOWER than the most similar comp. Currently listed homes are higher than my house’s price. It’s like the most glaring issue with the report that this appraiser did not take increasing house prices into account. Unfortunately there aren’t many comparable homes sold in the area. Why is there no quantified adjustment made for market trend?