A comparative market analysis (CMA) is a tool used in real estate to evaluate the value of a property. It involves comparing a specific property to similar properties, known as comps, that have recently sold in the same area. Factors considered in a CMA include location, size, condition, and features of the properties. This analysis helps sellers set a competitive price and assists buyers in making informed offers. Real estate agents typically conduct a CMA to provide clients with an accurate assessment of a property's market value. By analyzing current market trends and sales data, a CMA offers objective insights that can guide decision-making in buying or selling real estate.