Ace the Oregon Broker PSI Exam 2025 – Broker Your Way to Success!

Comparative market analysis (CMA) is a process used primarily by real estate professionals to determine the value of a property by comparing it to similar properties that have recently sold in the same area. This analysis focuses on evaluating recently sold properties to establish a benchmark for pricing the subject property.

By examining characteristics such as sale price, square footage, location, condition, and features of similar properties, agents can better understand the current market value of the property in question. This valuable tool not only aids sellers in setting an appropriate listing price but also assists buyers in making informed offers.

While evaluating neighborhood demographics and assessing current market trends can provide context, these activities do not directly contribute to the accurate valuation of a specific property. Similarly, calculating future property value goes beyond the scope of CMA, which is centered on recent sales data rather than projections.