# Comparative Market Analysis

*Real Estate — Finicade finance glossary*

A comparative market analysis prices a property from recent sales of similar nearby homes, adjusted for differences in size, condition and features. It's the residential equivalent of trading comps. The quality of the answer is entirely in the selection: comps must be recent, genuinely local and actually sold, since asking prices reveal hope rather than value.

**Also known as:** CMA, real estate comps, comparable sales

**Related terms:** [Home Appraisal](https://finicade.com/glossary/home-appraisal), [Assessed Value](https://finicade.com/glossary/assessed-value), [Multiple Listing Service (MLS)](https://finicade.com/glossary/multiple-listing-service), [Gross Rent Multiplier](https://finicade.com/glossary/gross-rent-multiplier), [Absorption Rate](https://finicade.com/glossary/absorption-rate)

Source: https://finicade.com/glossary/comparative-market-analysis