What is a Comparative Market Analysis (CMA) Report?

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How to use houses similar to your home to find out what your home is worth?

Setting the right price from the start is probably the most important thing when it comes to successfully selling your home.  This requires taking a close look at what other houses are selling for that are similar to your home. No matter how priceless your remodeled kitchen or updated bathrooms are, the market sets a value—the price a ready buyer is willing to pay.

One of the key ways to compare your house to others on the market is to look at a comparative market analysis, or “CMA.”

A comparative market analysis is a report, usually done by a real estate professional. A CMA gives you information about houses similar to yours (in size, amenities, and location) that are either on the market, have sold, or are currently in contract (pending sale). A good CMA can tell you:

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