Master Home Pricing with Comparative Market Analysis Secrets
October 27, 2025
Conducting a CMA involves a systematic approach:
- Gather Data: Collect information on recently sold properties in your vicinity. This includes sale prices, property conditions, square footage, and unique features.
- Analyze Current Listings: Look at properties currently for sale. Assess their pricing strategies and how they compare to your property.
- Review Expired Listings: Understand why certain properties did not sell. This could highlight overpricing or market saturation issues.
- Adjust for Differences: Make adjustments for any differences in your property compared to the comparables, such as upgrades or unique features.
- Estimate Your Home's Value: Using the data collected, estimate a competitive price range for your property.