Answer:
It shows what similar homes in the are have recently sold for.
Step-by-step explanation:
Comparative market analysis is used by real estate agents to generate a competitive price for a property.
It is the price estimation on a property that uses recently sold and similar properties as a basis for price fixing.
Factors put into consideration include age, location, style, construction, condition, and so on.
Prospective buyers can also run a comparative analysis to ensure they are getting best price for property they want to buy.