I just bought a house. The estimates are below market value. I placed offers on 6 properties and none of them closed below list. The listing price is the starti

I just bought a house. The estimates are below market value. I placed offers on 6 properties and none of them closed below list. The listing price is the starting bid price. Locally, houses are selling on average about 10% over list. Of the problems in housing prices, I really doubt Zillow is changing anything. Everyone knows the listing prices are garbage, and only work off closing price for comps. The issue is closing dates are 30-60 days behind the current market, which is a long time. It's essentially impossible to know what a fair offer is today.