Which term best defines "computer software that queries property and market data to assign a value to a property"?

The term that best defines "computer software that queries property and market data to assign a value to a property" is the Automated Valuation Model (AVM). AVMs use mathematical models to analyze various data points related to real estate, including recent sales, property characteristics, and local market trends, to estimate the value of a property quickly and efficiently. This technology is widely used in the real estate industry for purposes such as mortgage underwriting, property tax assessments, and real estate transactions.

In contrast, mass appraisal models are typically used for assessing multiple properties at once for tax purposes, which may not focus as specifically on individual property valuations or directly employ current market data in the same automated way as AVMs. Stepwise regression models are statistical methods used for predictive modeling in a variety of fields, and while they can be applied to real estate valuations, they do not specifically refer to software designed for querying property data. Standard appraisal software usually encompasses a broader range of tools and methods for appraisers, which may include both manual assessments and automated features, but doesn't specifically emphasize the automated querying aspect central to AVMs.