“But if a floor plan is buried amongst a sea of other property images, it’s just not working hard for the seller.”
Realestate.co.nz has introduced AI to its marketplace, with CEO Sarah Wood claiming that listings with AI-detected floorplans will be a "decisive factor" in how home buyers choose their next property.
Recent research done by realestate.co.nz shows that the most sought-after information when it comes to property listings is floor plans.
Realestate.co.nz will use AI to detect and surface listings with floorplans to the top of search results to streamline the search process.
In a story published on NZ publication idealog.co.nz, Wood said:
"We know that listings with floor plans are viewed for 3.39 minutes longer, on average, than those without, and they receive 20.5 percent more enquiries.
“But if a floor plan is buried amongst a sea of other property images, it’s just not working hard for the seller.”
Realestate.co.nz observed that since the AI rollout on its platform, the number of listings showing floor plans in search results has increased from 10% to 20%.
"*" indicates required fields
Venture capital firm PropTech Farm has announced the first close of its third fund, marking a new phase of investment...
Read More
The Munich-based real estate portal operator Scout24 has reported a strong start to 2025, with first-quarter revenues rising 15.8% year-over-year...
Read More
This week's Product Roundup starts with Avito (twice)... Europe: Avito partners with M2Data for listing verifications Avito Real Estate...
Read More
This week's funding and investment roundup starts with a major deal in Russia that could see a public flotation shortly......
Read More"*" indicates required fields
"*" indicates required fields
"*" indicates required fields
