A Comparative Market Analysis, commonly called a CMA, is a report that estimates a property's market value by comparing it to similar homes that have recently sold, are currently listed, or were recently removed from the market.
A CMA typically considers:
Property size
Location
Age of the home
Features and upgrades
Recent sales activity
Why Is a CMA Helpful?
A CMA can help sellers:
Establish a realistic asking price
Understand current market conditions
Avoid overpricing or underpricing
Make informed pricing decisions
MLS Pro sellers receive a CMA as part of their package to help support pricing decisions.