Method, system and computer program product for creating a real estate pricing indicator and predicting real estate trends

A computer readable medium having instructions for causing a computer to execute a method for providing a real estate market trend indicator, comprising:

• obtaining property data for each available property within a geographic area;
• sending the data to an AVM;
• estimating in the AVM a valuation for each real property within the geographic area at a predetermined time;
• saving in memory the valuation for each real property;
• repeating said estimating and saving steps to produce a set of estimated valuations for each real property, each of said estimated valuations corresponding to a different time;
• receiving a query for trending data for properties within the geographic area;
• retrieving respective sets of estimated valuations for said properties within said geographic area;
• and
• computing an indicator from said respective sets of estimated valuations to provide a trend analysis of a real estate property market for the geographic area.

A real estate market indicator system, comprising:

• a processor;
• a memory coupled to the processor and configured to store program instructions executable by the processor to:
• obtain property data for each available property within a geographic area;
• send the data to an AVM;
• estimate in the AVM a valuation for each real property within the geographic area at a predetermined time;
• save in memory the valuation for each real property;
• produce a set of estimated valuations for each real property, each of said estimated valuations corresponding to a different time;
• receive a query for trending data for properties within the geographic area;
• retrieve respective sets of estimated valuations for said properties within said geographic area;
• and
• compute an indicator from said respective sets of estimated valuations to provide a trend analysis of a real estate property market for the geographic area.