Exa Wizards and Mitsui Fudosan Realty Co., Ltd. announced on December 16 that they have jointly developed a “Rehouse AI Assessment” that uses AI to immediately calculate the estimated contract price of a condominium. Released on the Mitsui Rehouse website.
Rehouse AI assessment image
リ Rehouse AI assessment involves AI learning about contracts traded at Mitsui Fudosan Realty Co., Ltd., and calculating the estimated contract price according to the characteristics of the dwelling unit such as location, grade, number of floors, and orientation. The accuracy of MER [modulation error ratio] is 4.89% in the four metropolitan areas and MER5.34% in the whole country including areas other than the metropolitan area. In addition to the Tokyo metropolitan area, it is possible to calculate the estimated contract price for about 30,000 apartments in 18 prefectures nationwide.
When the condominium name and room number are entered on the web, the estimated contract price is automatically presented on the dedicated page based on the actual contract deal. In addition, immediately provide information such as the number of people who are considering purchasing in the vicinity.