A competitive market analysis is primarily performed by reviewing which of the following?

A competitive market analysis (CMA) is primarily conducted to determine a property's value by examining various factors in the real estate market. The correct answer encompasses both recently sold properties and properties that are currently on the market, providing a comprehensive view of the market conditions.

By evaluating recently sold properties, an agent can identify what buyers have been willing to pay for similar homes, which is crucial in establishing a fair market value. Simultaneously, analyzing properties that are currently listed gives insight into the present conditions and trends in the market. This dual approach allows real estate professionals to assess pricing strategies effectively, taking into account the competition and the current supply and demand dynamics.

This multifaceted perspective is vital for accurately pricing a property, forecasting market trends, and advising clients, which is why the option that includes both recently sold homes and those on the market is the best choice for a competitive market analysis.