Comparative Market Analysis vs. the Zillow Zestimate®

Let’s start with some definitions.  A comparative market analysis (CMA) is an evaluation of a home’s value based on similar, recently sold homes (called comparables) in the same neighborhood. A comparative market analysis is not the same as an appraisal, which is performed by a licensed appraiser. A CMA is prepared by a real estate agent. 

The Zillow Zestimate® is an algorithm generated valuation of a home based on user and public data and does not necessarily take into consideration condition.  Algorithm based valuations can be especially tricky in a market like Cincinnati where the homes are unique from street to street, old mixed with new, etc.   Even Zillow recommends to use their Zestimate®  as a starting point and to contact a real estate agent for a true valuation of your home’s value.

We would love to give you a free valuation of your home’s worth.  Contact us today to get started!