An Automated Valuation Model (AVM) is a real estate appraisal method that utilizes statistical modeling and software to assess property values. AVMs are efficient and consistent, often used by appraisers and financial institutions, but their accuracy depends on the quality of the input data. While they save time and cost compared to traditional appraisals, they cannot account for the actual condition of properties and may lack accuracy in diverse real estate markets. AVMs have gained popularity but have not replaced human appraisals, especially for mortgage lending requirements.

An Automated Valuation Model (AVM) is a real estate appraisal method that utilizes statistical modeling and software to assess property values. AVMs are efficient and consistent, often used by appraisers and financial institutions, but their accuracy depends on the quality of the input data. While they save time and cost compared to traditional appraisals, they cannot account for the actual condition of properties and may lack accuracy in diverse real estate markets. AVMs have gained popularity but have not replaced human appraisals, especially for mortgage lending requirements.