CMA

A comparative market analysis, commonly abbreviated as CMA, is a report prepared by a real estate agent to help a client determine the value of a home. The report analyzes three or more recently sold properties similar to the home in question, usually chosen based on their similarities in size, location, age and quality.

CMAs are a valuable tool that buyers can use to ensure they’re making a competitive offer on a home. CMAs are also used by sellers to help determine an accurate listing price.