SYSTEM AND METHOD FOR AUTOMATED PROPERTY VAULATION UTILIZING USER ACTIVITY TRACKING INFORMATION
A system, computer-readable storage medium storing at least one program, and computer-implemented method for automated property valuations utilizing user activity tracking information is provided. User activity associated with a real estate website is tracked and stored. User activity is aggregated and a weighted value is assigned to each activity. A property valuation for a particular property is determined based on the aggregated user activity.
1 . A method comprising:
tracking user activity of a plurality of users, the user activity relating to a plurality of property listings hosted by a network information system; and
determining, using one or more processors, a valuation for a particular property based on the tracked user activity of the plurality of users.
2 . The method of claim 1 , wherein the tracked user activity comprises a plurality of types of user activity and the tracking of user activity includes determining an aggregate value for each type of the plurality of types of user activity.
3 . The method of claim 2 , wherein the determining of the valuation for the particular property includes assigning a weighted value to each type of the plurality of types of user activity.
4 . The method of claim 1 , further comprising providing display data to display the valuation for the particular property to a user.
5 . The method of claim 1 , wherein the determining the valuation for the particular property includes determining a valuation adjustment factor to be used in adjusting a predetermined valuation of the particular property.
6 . The method of claim 1 , wherein the user activity includes searching the plurality of property listings for a property within a particular geographic area.
7 . The method of claim 6 , wherein the particular geographic area is a city, a neighborhood, or a metropolitan area.
8 . The method of claim 1 , wherein the tracked user activity includes searching the plurality of property listings for a property having a particular attribute.
9 . The method of claim 8 , wherein the particular attribute is price, number of bedrooms, number of bathrooms, size of the property, type of property or type of transaction associated with the property.
10 . The method of claim 8 , wherein the particular property is a house and the particular attribute is at least one of size of the property, year the property was built, or time that the property has been on the market.
11 . The method of claim 1 , wherein the tracking of the user activity of the plurality of users includes determining an aggregate number of times a particular property listing of the plurality of property listings appeared in a list of results for a property search query submitted on the real estate website.
12 . The method of claim 1 , wherein the tracking of the user activity of the plurality of users includes determining a popularity of a particular property listing of the plurality of property listing.
13 . The method of claim 12 , wherein the determining of the popularity of the particular property listing is based on at least one of a number of views of the property listing, an aggregate time spent by the plurality of users viewing the particular property listing, a number of requests to view the particular property listing, a number of times the particular property listing has been saved by the plurality of users, a number of times the property listing has been shared, a number of times an address corresponding to the particular property listing has been included in driving directions, or a number of times the particular property listing has been printed.
14 . The method of claim 1 , wherein the user activity is a geopositional search performed on a client device of the user.
15 . A system comprising:
a user tracking module to track user activity of a plurality of users, the user activity relating to a plurality of property listings hosted by a network information system; and
a valuation module to determine a valuation for a particular property based on the tracked user activity of the plurality of users.
16 . The system of claim 15 , wherein the tracked user activity comprises a plurality of types of user activity and the tracking of user activity includes determining an aggregate value for each type of the plurality of types of user activity.
17 . The system of claim 16 , wherein the determining of the valuation for the particular property includes assigning a weighted value to each type of the plurality of types of user activity.
18 . The system of claim 15 , wherein the tracked user activity includes searching the plurality of property listings for a property within a particular geographic area and having a particular attribute.
19 . A machine-readable medium embodying instructions that, when executed by a machine, cause the machine to perform operations comprising:
receiving user tracking activity information for a plurality of users, the user tracking activity information relating to a networked information system; and
calculating a property valuation adjustment factor for a particular property based on the user tracking activity information.
20 . The machine-readable medium of claim 19 , wherein the property valuation adjustment factor is used in determining a valuation for the particular property.