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What Is a CMA?
Whether you're buying or selling, the CMA is how agents understand what a home is worth. Here's how it works in about 90 seconds.
Video coming soon
The key takeaways are below in the meantime.
Written by Bri Bond-Erwin
Key Takeaways
- CMA stands for Comparative Market Analysis, a professional assessment of a home's market value
- Agents prepare CMAs by analyzing recent sales of similar homes in the same area ("comps")
- Comps are adjusted up or down based on differences between each sold home and the subject property
- CMAs consider current market conditions: how fast homes are selling, inventory levels, and demand
- The result is a value range, not a single exact number, and that range informs your list price or offer strategy
- Online estimates (Zestimates, etc.) use algorithms and often lag behind actual market conditions
Transcript will be available when the video is recorded.
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