Definitions for "Comparative Market Analysis"
Avery common technique used to establish value for residential properties.
Used to help establish a realistic price range for a home. A CMA usually includes a review of comparable properties in the immediate area currently on the market or that have recently sold.
A method of real estate evaluation commonly used on single and up to four – family homes. This analysis estimates the current market value of a home by comparing it with homes in the area that have recently sold or were offered for sale.