CMA
( Comparable Market Analysis) report key
TOP ROW OF NUMBERS- List Price
The top row of numbers represents list price ranges in $ 50,000- $ 100,000 dollar increments.
RES-DETACHED SALES- Residential Detached Home Sales
The number of homes sold in each price point.
DOM- Days On Market
This represents the number of days a specific listing for a property has been active on the market.
AVG DOM- Average Days On Market
This represents the average number of days that listings in that price have been active on the market.
TDOM- Total Days On Market
This represents the total number of days that listings have been active on the market, binding under contract and back on the market.
SP / LP- Sales Price to List Price
This represents the percentage of the sales or closed price vs the list price.
SP / OLP- Sales Price versus the Original List Price
This represents the percentage of the sales or closed price vs the original list price when a price reduction has been made.
CURRENT ACTIVE
This represents the number of active listings currently on the market.
MONTHS OF INVENTORY
This represents the number of months of inventory available. So, if no other homes came on the market, how long would it take to sell the existing inventory? A higher number of months means it is a stronger buyer’ s market. A lower number of months means it is a stronger seller’ s market.