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How AI is changing the competitive real estate market

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From AI generated floorplans to predicting who is most likely to sell a home in the next year, AI is helping agents and consumers.

The future is here in real estate, with a little help from ChatGPT artificial intelligence. Zillow, the real estate information site, is partnering with the AI app to allow users ask conversational questions about specific property listings. Users can also share the types of for-sale and rental homes they are interested in, including details like location and price range, and get results back from the app.

The plugin became available to a select number of ChatGPT users in May, before it rolled out more widely. Plugins are software additions that allow for the customization of computer programs, apps, and web browsers, as well as the customization of the content offered by websites. But is new technology the solution to find homes? Megan Fox, an agent at Compass Real Estate in New Jersey, said in this competitive market with inventory being extremely low, a local real estate expert is critical in helping navigate the process.

 

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