An AI-powered system that estimates property values by analyzing data from public records, recent sales, and market trends.
AVMs use machine learning to estimate property values by analyzing thousands of data points including comparable sales, property characteristics, and market trends. Major AVMs include Zillow Zestimate (100M+ homes, 2.4% median error) and Quantarium (150M+ properties with satellite imagery). AVMs are widely used for listing price guidance, preliminary underwriting, and portfolio monitoring.