How is AVM accuracy measured?
There are a variety of independent benchmarks of accuracy that have been developed by lenders and third-party services. The typical measures of accuracy include the percentage of estimates within 5% and 10% of an appraised value, and the percentage which fall more than 20% outside this range. The AVMs displayed in the RPR – including the RVM – will all be tested using all standard third-party benchmarks, and the results will be published in RPR.
