What type of information does a skilled appraiser utilize to assess local market trends?

A skilled appraiser relies on current sales prices, demand fluctuations, and regulations to assess local market trends because these factors provide a comprehensive picture of the market's health and behavior. Understanding current sales prices allows the appraiser to gauge what similar properties are selling for, enabling a more accurate determination of value. Demand fluctuations indicate how much interest there is in the market, which can influence prices and availability. Regulations can affect how properties are valued and sold, as changes in zoning laws, tax implications, and development regulations can significantly impact market dynamics.

The other options lack the necessary focus on relevant data. Information unrelated to property transactions would not provide insights pertinent to valuation, while relying on previous appraisals alone may not capture the nuances of the current market. Exclusive dependence on online real estate listings might miss out on vital information like wholesale transactions, off-market sales, or local trends that could influence property values, making it an incomplete source of information for an appraiser. Thus, the correct answer encompasses all essential aspects that an appraiser must consider to deliver a well-rounded and accurate analysis of market conditions.