Comparative Market Analysis

Definition

  • An approach for estimating the value of a property by comparing the sales prices of similar properties that have recently sold.

Synonyms
apples-to-apples, juxtapose, measure against another, market study

Acronyms
CMA

Related Terms and Acronyms

  • Bargain Sale Definition,
    • Transfer of property or an item for less than market value.
  • Comparables Definition,
    • Refers to "comparable properties," which are used for comparative purposes in the appraisal process.
  • Market Value (MV) Acronym, Important,
    • Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
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