Unlock Your Home's Worth Instantly with Online Valuation Tools
Real-World Impact and Examples
The influence of online valuation tools on the real estate market is profound. According to a study by the National Association of Realtors, 44% of home buyers used online valuation tools as their first step in the home buying process2. This trend underscores the growing reliance on technology in real estate transactions.
Moreover, companies like Redfin and Realtor.com have developed their own AVMs, providing homeowners with multiple platforms to compare estimates and gain a broader understanding of their property's market position34.