The Hometrack Realtime AVM
UK's Market Leading Automated Valuation Model
The Hometrack Realtime AVM combines predictive modelling and technology with unique proprietary data and industry expertise to automatically value any property in the UK.
Highly Accurate Valuations
Our model is backed by a number of predictive technologies including Neural Network, Linear and Non-Linear Regression, Econometric and Statistical Non-Regression-Based Time Trend, Data Mining, Statistical Discrete and Statistical Fuzzy Clustering, Probabilistic, Bayesian, and Optimization approaches. This enables any property to be valued either currently or historically, without regard to the existence of a prior valuation.
The model delivers a consistently accurate market value estimate, a highly correlated Confidence Level, subject property information and comparable property data.
Meaningful Confidence Levels
The Confidence Level is a statistical measure specifically designed to indicate the expected accuracy of each valuation. The Hometrack system provides a consistent measure of accuracy for a given Confidence Level irrespective of geography, property type and price. This is crucial in enabling users to optimise their application of the Hometrack Realtime AVM balancing risk and reward.
Hometrack Confidence Levels range on a scale from 0 to 7, with 7 representing the most accurate valuations. A high Confidence Level typically arises from effective model matching, homogeneous property areas and high database coverage.
Unique Source Data
The Hometrack Realtime AVM is founded on a comprehensive proprietary database of property characteristics and valuation data; currently comprising over 15 million price points for UK Properties. Hundreds of comparable properties are initially considered for each Hometrack valuation, then observations are grouped into a smaller set with similar characteristics, location and valuation dates. A combination of modelling techniques are utilised to maximise use of the source data and ensure that the system remains independent of any single specific technique.
Key Success Factors
The quality and effectiveness of the Hometrack Realtime AVM is based on:
- High correlation between Confidence Level and accuracy
- Unprecedented nationwide coverage of high Confidence Level results
- World class systems technology and technical support
For further information on the
Hometrack Realtime AVM
please contact us
Email: business@hometrack.co.uk
Hometrack Realtime AVM
The Hometrack Realtime AVM delivers a point market value estimate, correlated confidence level,
subject property information and comparable property data.
View an example of the AVM Output