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.
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.
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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