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From what I've heard, it sounds like homes are actually selling over these Zestimates still. Also, comparing the zestimate for our house to what other homes ar
by cableshaft 5y ago
From what I've heard, it sounds like homes are actually selling over these Zestimates still.
Also, comparing the zestimate for our house to what other homes are actually selling for are pretty comparable. I think what you're saying might be true for some markets, but I don't think it's deliberate. Zillow's been around for a while, and those Zestimates didn't used to be anywhere near as high as they jumped this past year.
Also, the Zestimates actually seemed to be a lagging indicator for last year, like they went up more slowly than the sold house prices (I was watching mine 2-3 times a month out of curiosity, although that's just one anecdote).
- BizarroLand 5y agoMy next door neighbor sold right after I moved in. Listed for $475k, Zestimate at $515k, sold for $555k. Markets crazy right now.