Having a Comparative Market Analysis

Comparative Market Analysis

A comparative market analysis (CMA) is an indicator of what current buyers are willing to pay for a home. It compares market activity of properties similar to yours in and sometimes around your neighbourhood.

When conducting a Comparative Market Analysis (CMA) to determine price, the following is considered:

  • Properties that have recently (30 to 60 days) sold; these represent what buyers are willing to pay.
  • Properties that are currently listed for sale; these are you current competition and represent the price sellers hope to obtain.
  • Properties that have been listed, but expired or were terminated; these failed to sell and are generally overpriced or poorly marketed.

Contact Justin Havre at eXp Realty today for a current Comparative Market Analysis of your property, it is free and no obligation, or fill out the form below to submit one right now.