A CMA in real estate stands for Comparative Market Analysis, which is a report generated by a real estate agent that analyzes the prices of recently sold homes in a specific area. The report compares the features and characteristics of the subject property to those of similar homes that have sold recently to determine an estimated market value. A CMA is important because it helps buyers and sellers to understand the current market conditions and to price their properties accurately. For buyers, a CMA can provide valuable insight into whether a home is priced fairly or not. For sellers, a CMA can help them to determine a competitive price that will attract potential buyers and generate a successful sale. Ultimately, a CMA is an essential tool in real estate that provides valuable information for making informed decisions about buying or selling a property.