2023 Appraisal Industry Benchmark Report

Valcre gets it. This is the most difficult year in over a decade and as the leader in appraisal software in the CRE market we can help you maximize your revenue by delivering powerful processes, completely reliable datasets, and ultimately decrease turnaround times.

Valcre’s first edition of the 2023 Appraisal Industry Benchmark Report reveals top market trends, critical operating metrics, and perspectives from top appraisers.

Get insights from your peers to maximize your 2024 revenue.

Schedule some time with one of our experts to review the report findings and strategize on how to best position your business going into 2024.

Key takeaways from the report

💡 Adopting technology is the top strategic initiative
⚡ Inconsistencies and inefficiencies are primary pain points, and the top areas tech will solve
🔎 Data collection and verification is the most time-consuming task
⏱️ Increasing technology adoption will have the most significant market impact

Survey results

Strategic initiatives

What strategic initiatives has your firm implemented to stay ahead in the commercial appraisal industry?

Technology adoption0%
Diversification of services0%
Expand relationships0%
Higher-quality reports0%
Hiring and training0%
None taken0%
Adjusted pricing0%

More than 93% of firms surveyed have actively implemented strategic initiatives to stay ahead, of which 59% related to technology adoption.

Primary pain points

What are the primary pain points or challenges your firm faces in delivering consistent high-quality appraisal services?

Technology predictions

How do you see technology shaping the future of appraisal services?

Time-consuming tasks

What areas of the appraisal process do you find to be most time-consuming?

Market predictions

What predictions or forecasts do you have for the appraisal industry’s future regarding market trends, client expectations, or technological advancements?


We would like to express our gratitude to our Valcre users and industry professionals who have contributed to the creation of this report. Your insights and collaboration have been invaluable, and we look forward to seeing what the future holds.

Download the full 2023 Appraisal Industry Benchmark Report