>as of October 27. Out of 224 homes, 208 — or 92.9% — were priced below what Zillow paid. >36.5% were listed for less than the company first paid for them from

>as of October 27. Out of 224 homes, 208 — or 92.9% — were priced below what Zillow paid. >36.5% were listed for less than the company first paid for them from the outset. So these are ZillowBots numbers in Phoenix. They start off with a third going for less than they payed. The rest "hold on for a bit" and slowly the price keeps dropping Eventually there are so many price drops where 93% of the homes are on the market (so, even now, not even sold) for less than what ZillowBot thought was a good idea source: https://www.businessinsider.com/zillow-offers-ibuyer-sell-phoenix-homes-at-a-loss-2021-10 https://www.businessinsider.com/zillow-offers-ibuyer-sell-ph... so 2/3 of these houses go with the "hold on for a bit" strategy then fail I don't live there, but from the outside it seems like the Phoenix market is on a downwards trend, and they chose horrible timing, or really bad algorithm coding