The death of competitive market analyses as we know them

  • The focus for homebuyers has shifted from bedroom bath, and price to lifestyle, affordability and commute time.
  • Agents will use data analytics to augment their personal feature and lifestyle expertise in the future.
  • Companies are already working on creating algorithms that will calculate the true cost of overall homeownership including the age of the home's features.

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Inman Connect New York | January 29 - February 1, 2019

Competitive Market Analyses (CMAs) have been around for decades. Although commercial real estate usually relies on price-per-square-foot evaluations, residential real estate has been slower to adopt this approach for a variety of reasons.