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AVM model details: Wilmington, North Carolina, United States

Performance metrics for AVMs in this location.

Model type

Select the type of valuation model you want to view.

List price estimation model

Estimates list prices in this location from historical data and market trends.

Key performance metrics

Median Absolute Percentage Error (M. MAPE)9.9%Half of our predictions are within this percentage of the actual value
Testing R² Score0.860How much of the price variation our model explains
Root Mean Square Error$238187Average prediction error in dollars
Mean Absolute Error$101930Average absolute difference between predicted and actual

Accuracy distribution

Percentage of predictions within various error ranges

Within 5%27.9%
Within 10%50.4%
Within 15%65.3%
Within 20%78.4%

Prediction bias analysis

Does the model tend to overestimate or underestimate?

Mean Bias-$40903Average prediction bias (+ means overestimate)
Median Bias-$11501Typical prediction bias
Over-prediction Rate42.3%Percentage of predictions that are above the actual value
Under-prediction Rate57.7%Percentage of predictions that are below actual value

Error distribution percentiles

The absolute error amount at different percentiles - for example, '90th percentile: $50,000' means 90% of predictions have errors less than $50,000

Percentile10th25th50th75th90th95th
Error Amount$7784$18919$45990$98351$211674$336222

Model configuration & training

Training Samples8802
Testing Samples695
Training R²0.830
Testing R²0.860
Last Updated2026-09-27

Additional performance metrics

Mean Absolute Percentage Error14.1%Average percentage error across all predictions
Forecast Standard Deviation$234648Spread of prediction errors
Coefficient of Variation39.1%Relative variability of predictions
10th Percentile Error %1.9%10% of predictions have error less than this
90th Percentile Error %30.2%90% of predictions have error less than this