What are RVM® and AVM estimated values?

RVM® and AVMs are estimated values that are the result of multiple automated valuation models that use proprietary algorithms to provide an estimated property value. RVM® and AVMs can be included in a Seller’s Report, Property Report, and Mini Property Report.

  • 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 a month.

If you would like to omit an RVM® or AVM from your report, see FAQs at the bottom of this article.

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.

What are the display rules for properties shown on the RVM/AVM Details page?

Click the View Details button under the RVM or AVM on the Property Information page to see a sampling of properties that were used when calculating the RVM/AVM.

  • A property must be within a 1-mile radius of the subject property

  • A property must have sold in less than 12 months (the younger the sale = a higher score)

  • While many properties may be used to calculate an RVM/AVM, we only display up to 10 properties

  • The list is sorted from the highest score to the lowest score (of the 10 properties displayed)

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