Use real estate data to determine valuable home features
When a home is entered into a multiple listing service (MLS), a listing agent provides a description about the house and its surroundings. For example, they may say, “this home has a beautiful wrap-around porch” or “enjoy the mountain views from your living room.”
Using machine learning and our database of homes, Redfin’s Home Trends parses millions of these descriptions and identifies homes with one of over 1,500 different features and characteristics. Then, we look at which features are seen most frequently, whether they are associated with homes that sold above list price or not, and whether they are trending upward or downward over the last five years.