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.

Don't miss Hacker Connect SF
Dive into the latest Technology affecting RE, July 17, 2018

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.