Home Page

Call Today!
281-340-4122

WHAT IS A CMA?

SLRE Home

CMA is an acronym for Comprehensive Market Analysis and is a report based on research involving housing activity in the selected (your) neighborhood. A CMA is not to be confused with an appraisal, which is performed by a different professional for the purpose of setting an exact value for a lender or other interested party at a (typical) cost of some several hundred dollars.

In practice, preparing a CMA means looking at data for homes currently for sale, homes that were listed for sale and sold, homes that were listed for sale that didn’t sell, homes withdrawn from the market (for whatever reason), homes whose listing agreements expired without selling, etc. In short, all activity for homes similar to the subject property (yours) is examined going back for a period of six (6) months. Should suitable ‘comparables’ as they are known, cannot be found, then we increase our search timeline for a period up to one (1) year.

Beyond one year, the market probably was somewhat different so those sales numbers may not have any meaning when establishing a current range of home value.

Mike Harness
Broker, ABR, GRI, e-Pro
Team Leader, The Sugar Land Real Estate Team
At Keller Williams Realty, SW
281-340-4122 (direct)

Although we strive to be accurate as possible, all information contained herein is subject to errors, price change or withdrawal without notice. All real estate listed is subject to the Fair Housing Act of 1968 which prohibits any advertisement for housing 'that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin, or an intention to make any such preference, limitation, or discrimination'. We will not knowingly list any real estate which indicates any such preference, limitation or discrimination. As required by law, all dwellings advertised are available on an equal opportunity basis. If your home is currently listed with a real estate broker, our company, and this site is not an attempt to gain your business.