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What do the percentage values mean on the listing cards?

What do the percentage values mean on the listing cards?


You will notice that in some cases, a little percentage value is shown on the listing cards (In this example: -4.92%).

This article explains how this percentage is calculated. First, this percentage indicator will only be displayed if the CMA report includes a market value.

Here is how the value of -4.92% is calculated :

  1. Market Value Range : In this case, where a ranged market valuation is used, we will first need to calculate the median value.We can calculate the median value by using the following formula :
    (v1 + v2) / 2 = {median value}
    (1,295,000 + 1,605,000) / 2 = 1,450,000
    In this case, our Market Valuation of $1,450,000 is 4.92% lower than the property in this exhibit, which is valued at $1,525,000.
  2. Single Market Value : In this case, we do not need to calculate the median.
    Our Market Valuation of $1,450,000 is 4.92% lower than the property in this exhibit, which is valued at $1,525,000.