Patent ID: 11861747
Assignee: MFTB HOLDCO, INC.
Field: Computer technology (Electrical engineering)
Classification: CPC G | IPC G

Claim 10:
11. A computer-readable non-transitory medium having instructions that cause a computer to perform a method for estimating a length of time from listing to sale of a distinguished home, the method comprising:
accessing a plurality of values, each value corresponding to one of a plurality of home attributes for the distinguished home;
accessing one or more trained models, each trained model predicts a length of time from listing to sale of a home in a geographic area based on the plurality of values for the home and a listing price, wherein a trained model is estimates a time from listing to sale, wherein the trained model is trained using listing and sales transaction data describing home listing events associated with homes in the geographic area, and
wherein training the model further comprises:
collecting a plurality of sale transactions for the geographic area, each of the plurality of sale transactions having a subject home,
for each of the plurality of sale transactions in the geographic area, computing a ratio of listing price for the subject home of the sale transaction to at least one estimated value of the subject home of the sale transaction,
determining an aggregate of the computed ratios, wherein the aggregate of the computed ratios includes a mean of the computed ratios or a median of the computed ratios, and
for at least one sale transaction of the plurality of sale transactions in the geographic area,
determining that the ratio computed for the sale transaction is more than a threshold distance from the determined aggregate of the computed rations, and
in response to determining that the ratio computed for the sale transaction is more than the threshold distance from the determined aggregate of the computed ratios, discarding the sale transaction from the plurality of sale transactions; and

retrieving an automatically determined estimate of a value of a first home in the geographic area;
estimating, using the trained model, for the first home in the geographic area, a number of days from listing to sale based upon (a) the automatically-determined estimate of the value of the first home in the geographic area and (b) sale transactions of the plurality of sale transactions that have not been discarded; and
generating a display page that includes an indication of the first home in the geographic area and an indication of the number of days from listing to sale estimated for the first home in the geographic area.