RE/MAX International Inc. is testing a free property-valuation tool at its Web site that is based on a comparison with similar home sales in the same neighborhood.

The valuation tools do not provide an estimated value for a specific property, though they provide a price range based on the sale price of comparable properties.

Many other Web sites offer online home valuations, too, including,,, and, among others.

In beta testing since August, the RE/MAX tools offer a comparison of the five closest home sales in a given area and a price trend analysis for the surrounding area. Consumers can also choose to receive a Neighborhood Valuation Report that includes sale prices, school information and demographic data for the surrounding neighborhood.

Data for the valuation tools are compiled from home sales nationwide and aggregated from a variety sources, including county courthouse deed transactions. The data span a 14-month period and include about 60 million historical homeowner and mortgage records, dating back to 1981, according to the RE/MAX announcement.

The Web site draws an average of 2.7 million unique visitors a month.

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