What is a comparative market analysis?
By Bob Millaway, South Jersey Community Expert & REALTOR®
A comparative market analysis (CMA) is a report prepared by your real estate agent that compares your home to similar properties that have recently sold, are currently listed, or expired in your area. It accounts for square footage, bedrooms, bathrooms, condition, upgrades, and location to estimate a realistic market price range. Agents use CMAs to help sellers price competitively.
Why It Matters
A CMA is the most practical tool for pricing a home. It is more accurate than online estimates because it considers your home's specific features.
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