By HouseCanaryLearning Objectives
- Understand what automated valuation models (AVMs) do and why accuracy matters
- Evaluate HouseCanary's 2.8% median error and forecasting capabilities
What Is HouseCanary?
HouseCanary builds AI-powered Automated Valuation Models (AVMs) that estimate residential property values with 2.8% median absolute percentage error — recognized by third-party testing as the most accurate on the market. The platform covers 136+ million properties with real-time forecasting via the CanaryAI platform.
Used by lenders, investors, and iBuyers, HouseCanary's AI also produces 12-month home price index forecasts with just 1.7% median error.
Company Details
| Detail | Info |
|---|---|
| Founded | 2013 |
| CEO | Jeremy Sicklick (co-founder) |
| Headquarters | San Francisco, California |
| Total Raised | ~$130 million (Series C) |
| AVM Accuracy | 2.8% median absolute percentage error |
| Property Coverage | 136+ million properties |
| Forecast Accuracy | 1.7% median error on 12-month predictions |
| Website | housecanary.com |
