What does an agent create to indicate the market value of a property?

A comparative market analysis (CMA) is a tool that agents use to determine the market value of a property by comparing it to similar properties that have recently sold in the same area. This analysis involves examining various factors such as the sale price of comparable homes, their location, condition, size, and features, which collectively help establish a realistic price range for the property in question.

When conducting a CMA, agents typically look at a selection of properties with similar attributes and analyze their sale prices to provide a range of expected values for the property they are representing. This process not only assists in pricing the property competitively but also promotes informed decision-making for both buyers and sellers. In doing so, the agent ensures that their client can effectively navigate the real estate market while maximizing their financial outcomes.

While property listings, market assessments, and broker's pricing strategies all play important roles in real estate, they do not specifically focus on providing a comparative value based on similar property sales in the area like a CMA does. Therefore, the most accurate choice for indicating the market value of a property is a comparative market analysis.