AppraisalsHomebuying Glossary
Comparative Market Analysis
Also known as CMA
An agent's informal estimate of a home's value based on similar recent sales, not a formal appraisal.
In plain English
A CMA is prepared by a real estate agent (not a licensed appraiser) comparing a property to similar recently sold, active, and pending listings, to help price a listing or evaluate an offer.
Why it matters
A CMA is a helpful early gut-check on price, but it's not a substitute for the formal appraisal your lender will require.
Where you'll run into it
Guides and tools on TheBuyingPath that cover comparative market analysis in context.
Related terms
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