Comparative Market Analysis

Question 1

What are the 3 major categories of properties a CMA shows.

Answer 1

1) Properties sold within the previous 12 months.
2) Properties currently on the market.
3) Properties that have expired in the previous 12 months.

Question 2

How is a median found

Answer 2

arranging sales prices from high to low and choosing the middle number. In cases with even amount of numbers the two middle numbers are averaged.

Question 3

In statistics what is mode

Answer 3

mode is the numbers that occurs most often.