What Is a Comparative Market Analysis?

A comparative market analysis (CMA) estimates a home's price based on recently sold, similar properties in the immediate area. I will create a CMA report to help sellers set listing prices for their homes and help buyers make competitive offers.

What's in a CMA Report?

A CMA typically includes:

• The address of the property and three to five comparables
• A description of each property, including elevation, floor plan, and the number of bedrooms and bathrooms
• The square footage of each property
• The sales price of each comp
• Dollar adjustments for any differences
• The adjusted sold price per square foot of each comp
• A reasonable price range for the property