Which method is not typically used to determine the value of residential real estate?

The method that is not commonly used to determine the value of residential real estate is the market analysis approach. While market analysis involves assessing trends and conditions of the housing market, it is more of a broader evaluation of market dynamics rather than a specific valuation method like the others listed.

The cost approach is often utilized for appraising residential properties, focusing on the cost to replace or reproduce the property and adjusting for depreciation. The income approach, while primarily applied in commercial real estate, can be relevant for residential properties that generate rental income, thus evaluating the property based on its income-producing potential. The sales comparison approach is the most widely used method for residential appraisals, relying on the sales prices of similar properties in the area to estimate value.

In contrast, the market analysis approach serves as a preparatory tool that helps appraisers and agents understand the general market conditions but does not inherently provide a direct value. Therefore, its role differs fundamentally from the established methods of valuation.