Comparative Market Analysis

Comparative Market Analysis (CMA) is a process used to assess the value of a property by comparing it to similar properties that have recently sold, are currently on the market, or were withdrawn. It helps homeowners and buyers understand a fair price by considering factors like location, size, condition, and features. Real estate agents often conduct CMAs to determine listing prices or make offers, ensuring decisions are based on market trends rather than guesswork. This analysis provides valuable insights into a property’s worth in the current real estate market.