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Writer's pictureOlu Daramola

Supervised Learning in Action: Boston Home Prices Unveiled by AI


Discover Boston vs Providence real estate prices on YouTube below:





Background

The residential real estate market in the United States is expected to reach an annual value of $94 trillion dollars by 2024. Over the past 12 months, the average Boston single family home investment cost was $5,362,233.



Use Case

Imagine you're investing in single family real estate in Boston, MA. Should you invest in June 2024 or in 6 months, November 2024?


One way to save is by buying sooner and my supervised learning models suggests that investing in June 2024 could reduce the price you spend on a single family home by $484 s opposed to investing in 6 months, November 2024.



 


Boston Single Family Real Estate Prices Past 12 Months






Baseline

Business questions answered
Baseline



My supervised learning algorithms

Computed findings
My supervised learning algorithms

Predicted price for 6/1/2024
Predicted price for 6/1/2024

 

As you can see above and my mathematical supervised learning models computed cost savings of $484 could be realized for just one buyer buying in a single family home in June 2024 as opposed to waiting to buy in November 2024.



Discover Boston vs Providence real estate prices on YouTube below:



My goal is to help buyers and sellers in the real estate market in Boston, MA see the economic value and prices (current and future) of owning a single family home using my mathematical models and supervised machine learning models.


Please like and subscribe, thank you.

Olu Daramola, MBA


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