A Competitive Market Analysis (CMA) is created to estimate the value of your home - under current market conditions. It's a very time-sensitive report that looks at the attributes of your property, as well as other relevant properties in your area.
Active Listings
The more properties available, the more competition you have for buyers.
Sold Listings
Compare the sale prices of homes with their list prices, and you'll see the strength of the market. Ultimately, a home's value is determined by the highest agreed-upon price between a buyer and a seller.
Expired Listings
Homes that are priced higher than the market supports often result in few showings and no sale. Apply CMA data to ensure your property is priced to actively attract buyers, not just sit on the market.