Comparative Market Analysis, words matter, USA?
Market Analysis Summary,
What These Words aract golden mean?
Stat
ACTV
Mkt Tm
List Mkt Tm
If it says List Mkt Tm 117, What does it mean?
Also, if it says Mkt Tm 370, What does That mean?
I Am Trying To Get Home CMA was going to maybe That I purchase & the realtor feels me the CMA, It has info like Those When And What It Was sold for last time And Also Those words and numbers.
I Do not Know What Those Words and numbers stand for.
I wanted to know how many days or months it has been "in the Market for sale.
I Want to Feel That if it has-been in the Market for long time, I May Get Better discount.
Thanks for your insight and Knowledge and information
Kenneth Dumlao says...
Your best bet is to check with the Realtor that gave you the CMA.But here's my guess...
Stat = status.Is this property actively for sale, under contract, sold, expired, etc.
ACTV = Active Status.It is currently for sale
Mkt Tm = Market Time.The number of days the property has been actively for sale.
List Mkt Tm = Listing Market Time.This one I'm really guessing about.It could be how long the property has been listed for sale but with any status.Maybe it was under contract and it fell thru, maybe the owner took it off the market to do some repairs and then put it back on.That would create a new market time but still under the original Listing?
The Realtor can also tell you the history of the property, like if it was under contract previously and didn't work out, etc.
Posted on July 14, 2011
