What is a Comparative Market Analysis (CMA)

A Comparative Market Analysis (also known as a ‘CMA’) is a report that an Agent puts together for their clients that are considering selling a home. It is an in depth analysis of a given property with the goal of estimating a homes value by comparing similar properties that have been sold. CMAs tend to be a little more accurate than Automated Valuation Model (AVMs) because the agent is hand selecting properties they feel are most similar.