What does CMA stand for in a real estate context?

In real estate, CMA stands for Comparative Market Analysis. This term refers to a method used by real estate professionals to assess the value of a property by comparing it to similar properties that have recently sold in the same area, as well as properties currently on the market.

A Comparative Market Analysis provides valuable information about property values and helps sellers set appropriate listing prices, aids buyers in making competitive offers, and informs agents about market trends. By evaluating factors such as location, size, condition, and amenities, a CMA gives a comprehensive overview of the local real estate market, ultimately helping agents and clients understand the fair market value of a property.

The other options focus on different aspects of real estate analysis or valuation but do not represent the standard term used within the industry. For instance, terms like Commercial Market Analysis or Certified Market Appraisal may exist but are not widely recognized or used in the same way as CMA in residential property discussions.