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Comparative Market Analysis (CMA)

Comparative Market Analysis (CMA)

An analysis of the competition in the marketplace that a property will face upon sale attempts.


An essential tool in real estate that helps estimate the value of a property by evaluating similar properties that have been recently sold in the nearby area. It is a comprehensive report that assesses various factors like property size, condition, location, and amenities to determine an accurate price. The CMA provides data and insights on current market trends, including the number of homes for sale, average days on the market, and the average price per square foot. This analysis helps buyers and sellers make informed decisions and negotiate fair prices. For example, if two homes have the same specifications, but one is priced higher than the CMA's estimated value, a buyer can use this information to negotiate a lower price. In short, a CMA is a necessary tool for anyone looking into purchasing or selling a property and can provide invaluable insights in making financial decisions.

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