SYSTEM AND METHOD FOR UTILIZING SENTIMENT BASED INDICATORS IN DETERMINING REAL PROPERTY PRICES AND DAYS ON MARKET
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United States of America Patent
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N/A
Issued Date -
Oct 13, 2011
app pub date -
Apr 7, 2010
filing date -
Apr 7, 2010
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A system and method for estimating the final sales price and amount of time required to sell a newly listed property based on the number of viewings that the property receives within a predetermined time of the properties listing. A model is constructed based on comparable properties, and the number of viewings that the newly listed property receives within the predetermined time period is compared to the number of viewings that properties within the model set received within the same time period after their respective listings. On-market days and percent of listing price are derived from this model.
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