What are RVM® and AVM estimated values?

RVM® and AVM estimated values are the result of multiple automated valuation models that use proprietary algorithms to provide an estimated property value.

An RVM® is displayed when data is available and criteria is met to generate one. If not, an AVM is displayed.

Estimated values are available for single-family residences, condominiums, and smaller multi-family properties. RVM® and AVM estimated values are updated twice monthly.

  • RVM®: Includes on-market and off-market MLS listing data, plus publicly recorded sold data. An RVM® is a more accurate estimation than an AVM.

  • AVM estimated values draw solely from publicly recorded sold data.

Accuracy

RVM® is tested continuously by leading independent testing companies, and has shown consistent high performance for both accuracy and hit rate–the primary measures of AVM quality–across multiple markets and a wide variety of market conditions.

Location

Estimated values are displayed in Search Results, Property Details pages, and can be included in a Seller’s Report, Property Report, or Mini Property Report.

What is an RVM® or AVM confidence score?

 The RVM® or AVM Confidence Score defines the level of confidence in a property’s RVM® or AVM estimated value. A five-star rating is considered the highest confidence rating and zero the lowest. 

  • High confidence scores indicate that the results of multiple automated valuation models yield similar estimated values for the property.

  • Low confidence scores indicate that the results of multiple automated valuation models yield a wide range of estimated values for a property.

  • Valuation models can have difficulty producing accurate estimates in areas where key property facts (beds, baths, living area) are missing from public records. The same is true in areas with few recent nearby sales and for unique properties.

5 stars = sales price likely to be within +/- 10% of the AVM or RVM® 90% of the time

4 stars = sales price likely to be within +/- 15% of the AVM or RVM® 90% of the time

3 stars = sales price likely to be within +/- 20% of the AVM or RVM® 90% of the time

2 stars = sales price likely to be within +/- 25% of the AVM or RVM® 90% of the time

1 star = sales price likely to be within +/- 30% of the AVM or RVM® 90% of the time

What is an RVM® or AVM estimated Range?

The RVM® or AVM Estimated Range is based on the confidence score for the property’s estimated value. A property with a high confidence score will show a narrow estimate range. A property with a low confidence score will show a wider estimate range.

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If a property doesn’t display an AVM or RVM®, it could mean:

  • The property is in a rural or other area where local public records are incomplete.

  • Public record facts (Living Area, Beds, Baths, etc.) are missing.

  • The property is an agricultural, commercial, or larger multi-family property.

  • Create a CMA: Follow our 5-step wizard to confirm property facts, select comps, and make adjustments to yield a customized CMA result.  Learn how to create a CMA.

  • Refine the Value: Change the estimated value based on home improvements, needed improvements, and/or market and home conditions. See how to use the Refined Value tool.

Need Help?

If you need additional assistance, contact RPR Member Support at (877) 977-7576 or open a Live Chat from any page of the website.

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