Definition
Comparative Market Analysis software allowing agents to analyze comps and estimate property values.
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CMA software helps agents analyze comparable sales for accurate pricing. Software uses MLS data identifying similar properties, adjusting for differences, and deriving value estimates. Good CMA analysis supports listing prices and buyer offers. CMA requires agent expertise interpreting results.
Pro Tip
Professional CMA analysis from experienced agents is more reliable than automated AVMs for unique properties.
Example
Agent uses CMA software analyzing 10 similar sold properties, adjusting for differences, estimating subject property value at $475,000