Home prices in San Diego and Seattle have been increasing. 

Prices have been stable in Las Vegas, Phoenix and Orlando

Meanwhile in Miami, residential real estate prices tumbled 5% as listings skyrocketed 38%. 

People say real estate comes down to location, location, location and just how much of a difference that can make is clear in a series of reports we’ve built for Pricing Culture. 

The observations about price fluctuations come from reports Pricing Culture generated for the month of February. The data is ingested from leading real estate platforms and crunched to deliver aggregated insights that you can’t find on consumer apps like Zillow or Street Easy. 

The insights are delivered in a news wire, akin to an old-fashioned RSS feeds, that we built for a media company that wanted to write stories about changes in prices both for major metropolitan areas and specific properties that showed large gains or declines. 

The idea is that a reporter at the publication could browse scores of these insights and pick out trends that would make a compelling story for readers. It’s a combination of AI horsepower and human intel that would produce higher-quality content. 

The most recent crop of insights showed a home in Los Angeles – 2457 Angelo Drive – registered a 23% price drop to $6.8 million down from $8.8 million previously. The article noted that it was the fourth price drop for the property. 

Our report noted: “The recent price drop on 2457 Angelo Dr is not an isolated incident, as 711 listings in Los Angeles experienced price drops last week, with an average price drop of 8.99%. The average number of price drops on these listings was 3.18, indicating that many sellers are adjusting their prices to stay competitive in the market. This data suggests that the Los Angeles real estate market is experiencing a slight correction.”

The Pricing Culture article something a media company would publish, it’s an observation that can be developed. 

We built a feed anyone can purchase that is available on our website, or we could create a bespoke version for media or financial firms that are looking for something specific. 

Our real estate reports focus on the high-end of the market for 20 U.S. cities. The homes are priced between $500,000 and $25 million. We segment them into four groups.  

We believe this use of AI – which combines specific data sets, domain expertise, and vast amounts of computational firepower – offers content creators a tremendous opportunity. 

And, it’s a process that can be extended to all kinds of data sets. 

Reach out if you’re interested in hearing more about what we are building.