What is the maximum age of data used for a CMA?

The maximum age of data used for a Comparative Market Analysis (CMA) is generally accepted to be no older than 6 months. This timeframe ensures that the data remains relevant and reflective of current market conditions. Real estate markets can fluctuate significantly within a short period due to various factors such as economic changes, seasonality, and shifts in buyer and seller behavior. Data older than 6 months may not accurately represent the current value trends or the competitive landscape, which are crucial for making informed pricing and marketing decisions for a property. Therefore, using data beyond this point could lead to misleading valuations and ineffective strategies. This approach helps agents provide their clients with the most accurate and updated information regarding property values and market dynamics.