Selling a homeAll terms starting with C
CMA (Comparative Market Analysis)
Also called: comparative market analysis, comps
An agent’s pricing analysis built from recent comparable sales, active listings, and expired listings nearby.
A CMA triangulates a realistic price range from what has actually sold recently, what is currently competing, and what failed to sell. Adjustments account for differences in size, condition, and location.
It is not an appraisal. A CMA guides list price; an appraisal is a licensed opinion the lender relies on, and the two can disagree.
Related terms
- AppraisalA licensed appraiser’s independent opinion of a property’s market value, ordered by the lender.
- Days on market (DOM)How long a listing has been active, a signal buyers read as evidence about pricing.
- Net proceedsWhat a seller actually receives after loan payoff, commissions, and closing costs are deducted from the sale price.
- MLS (Multiple Listing Service)The cooperative database brokerages use to share listings and the source most consumer portals draw from.
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