Comparative Market Analysis

Broker's Opinion of Value (BOV)
An analysis conducted by a real estate broker to assist a buyer or seller with determining the listing price of a property or an appropriate bid for purchase. Also known as Comparative Market Analysis (CMA), a BOV helps in making informed real estate decisions.
Comparative or Competitive Market Analysis (CMA)
A Comparative Market Analysis (CMA) is an estimate of the value of real property using indicators from sales of comparable properties. It utilizes factors such as price per square foot but is not considered an official appraisal and does not adhere to professional appraisal standards.

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