What is a CMA?
CMA stands for Comparative Market Analysis and can also be referred to as a Competitive Market Analysis. Using professional tools and information about the current real estate market in your current neighborhood, a Comparative Market Analysis (CMA) helps agents provide sellers with a realistic and statistically accurate estimate for the sale price of their home.
A CMA is generated by...
MLS Data
Getting data from professional and localized Multiple Listing Services (MLS) to compare sale prices in your area in the past 6 to 12 months of the market.
Market Trends
Analyzing the most current and up to date sale trends in your neighborhood and compiling the data to give an estimate on your home’s sale price.
Similar Homes
Comparing homes in your neighborhood that are similar in terms of square footage, number of bedrooms & bathrooms, etc…