• March 20, 2024
  • PropMix Admin
  • 0

Real estate technology has experienced and continues on a journey of massive transformation driven by data, artificial intelligence, and computer vision. When it comes to client engagement a few key related capabilities have independently evolved in the market:

  • Automated Valuation Models (AVMs), which were originally developed to assess property values within large portfolios held by the banks, entered the market for mainstream consumer use in the mid 2000s when Zillow introduced Zestimate. Many other large national IDX portals have since added property values.
  • As traditional players in the AVM market jumped in with their consumer grade valuation models real estate website developers have harnessed those AVMs and MLS data to produce instant Home Value Reports.
  • Comparative Market Analysis (CMA) tools successfully moved from being printed on paper to mostly online versions with snazzy presentation capabilities on tablets. 

Even though all of the above are in the agent’s toolbox, each of them work independently and there is little to no integration across them. Read the complete article on Prospektr.ai website.

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