Despite the ups and downs of real estate, homes are still being bought and sold at a steady pace. The housing market regained some of the loss from the 2008 crash, with median home prices rising 16.9% from $177,000 in 2008 to $207,000 in 2017. The value of the U.S. housing stock increased by 6.5% in 2017. Over the next decade, 80% of residential growth will happen in suburban communities. Many of those homes may be purchased by the younger generations that have increased typical salary expectations.
In 2016, the homeownership rate in the United States was the lowest it has been in 50 years. Millennials and Gen Yers made up about 34% of home buyers in 2017, a number that’s only expected to rise. According to the National Association of Realtors, 56% of buyers 36 years old and younger found their homes online. When purchasing or selling a home, knowing the best price to list or pitch can help you stay within budget. According to the Census Bureau, the median sales price of new houses sold as of February 2018 was $326,800. The 10 most valuable metropolitan areas in the United States are worth 36%, $11.3 trillion, of the total U.S. housing stock. With so many numbers, locations and factors, consumers need a simplified way to view listings, prices, and sales reports. That’s where real estate CMA software come into play.
What Is CMA Software?
CMA Comparative Market Analysis is an important tool to have as a real estate professional. A comparative market analysis examines the prices of multiple, similar properties in the same area that have recently sold. Real estate agents perform a comparative market analysis for clients to help them determine a listing price when selling a home or a price to offer when buying a home.
Cloud CMA is the real estate CMA software that will make you look awesome in front of your clients and help you get the listings you want. CMA software will ensure that you have everything your client needs all in one simple, effective, and beautiful presentation. In just minutes, you can have a client-ready CMA reports in hand right on the spot.
Ways CMA Software Can Benefit Real Estate
In addition to getting the best listing or sales price, CMA software can be useful for:
- Preparing and Storing Documents in Multiple File Formats
Finding Different Home Values in Your Area
Preventing Manual Calculations
A good question for your real estate agent is “Do You Use CMA software?”. If they aren’t, there may be a timely process, miscalculations or missing forms. Relying on a real estate agent that uses CMA software can guarantee productivity alongside a successful sale or purchase that is (hopefully) within your budget.