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Zillow's Zestimates are particularly obnoxious because they provide little detail regarding why the values change and they retroactively revise them. I bought
by mi100hael 10y ago
Zillow's Zestimates are particularly obnoxious because they provide little detail regarding why the values change and they retroactively revise them. I bought a house this summer that had an inexplicable drop in estimated value of about 15% a month or two before the house was listed. I paid closer to the previous estimated value than the post-drop value. Now when I look at the house on Zillow, the drop is nowhere to be seen and the past year is a smooth, barely sloping line. Never was there any indication of why they had a 15% drop, which was particularly frustrating when trying to determine how much to offer for the house.
- talloaktrees 10y agoThis has happened to me as well.
- jayd16 10y agoThe values change because estimated sales turn into real historic data over time.