What is comparative market analysis (CMA)?
A comparative market analysis (CMA) is an agent's estimate of a home's market value based on similar nearby homes that recently sold, are pending or are for sale.
In practice
- Agents adjust for differences such as size, condition, lot and features.
- A CMA is not an appraisal; lenders order appraisals from licensed appraisers.
General information, not legal, tax or financial advice. Rules vary by state and MLS.
Related
More real estate glossary
Put your listings online.
A fast listing page, an agent site and a QR code. Free plan, no card.