Comparative Market Analysis (CMA)

Comparative Market Analysis (CMA) is a method used to evaluate the value of a property by comparing it to similar properties that have recently sold in the same area. Real estate agents gather data about features like size, condition, and location to understand market trends and price ranges. This analysis helps sellers price their homes competitively and helps buyers determine fair offers. Essentially, a CMA provides insights into the local real estate market, ensuring informed decisions for both buyers and sellers.