Redfin implemented an ML-powered appraisal system estimating market value for properties using 500+ metrics, including buyer demand and neighborhood prices.
- 98% accuracy on-market homes
- 93% accuracy off-market homes
- Covers 92M+ U.S. properties
Traditional appraisals were slow and inconsistent
Developed ML models analyzing extensive property and market data for accurate automated appraisals
- Faster, more reliable appraisals
- Improved customer trust and satisfaction
