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What Is CMA?
A Comparative Market Analysis (CMA) involves collecting information on real estate activity in your area so you can arrive at a fair market value or listing price for your home. It is a key service your realtor provides to help you price your home competitively in the market. This includes looking at recent sales of properties similar to yours, though looking at recent expired listings and other properties offered for sale is also important to determine what the competition is looking like.
Preparing a CMA also requires carefully selecting comparable properties and using good judgment when comparing and interpreting the data and information.