How do I create a CMA?

RPR’s CMA (Comparative Market Analysis) workflow is a process where you will confirm the property facts, choose comps, make adjustments, review your result, and create a report. Select the Create CMA link on the Pricing Tools section of the Property Information page to begin. See below for step-by-step instructions.

We offer two CMAs, this article is about our standard CMA workflow with simple adjustment options. For information on our appraisal style CMA that allows for greater adjustments and the ability to weight your comps, see How do I create a  Sales Comparison Analysis?.

Step-by-Step Instructions

Click on the tabs below to follow the step-by-step instructions.

How is the CMA Result Calculated?

  • The lowest price per square foot comp is multiplied by the number of square feet of the subject property. The total equals the low end of the comp range.

  • The highest price per square foot comp is multiplied by the number of square feet of the subject property. The total equals the high end of the comp range.

  • The average equals the CMA Result.

How are the Adjustments Calculated in Step 3?

  • Moving the slider changes the price per square foot that is applied when calculating the subject property estimate.

  • Each tick on the slider bar equals + or – 5%, allowing for up to + or – 20/% adjustments.

  • Each comp’s price per square foot is multiplied by the subject property’s living area.

  • The results for all your selected comps are averaged, yielding the subject property estimate.

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