My home dropped 32,000.00 in one day despite showing an upward trend.

Profile picture for nstar9
On Tuesday of this week my home "Zestimate" was 250,000.00 and has never dipped below 240,000.00. Later in the day I noticed a 32,000.00 drop in value and a completely different graph indicating a home value as low as 182,000.00 late last year.
 I check my "Zestimate" often and I know the home values in my neighborhood enough to know my current "Zestimate" to be in error. When can I expect Zillow's correction?
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June 16 2011 - Hialeah
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Answers (2)

Profile picture for Dunes....
Zillow says they "Improved" things

Zestimate Improvements FAQ.

AND

"Historical Zestimate"

"With the data delivery yesterday, we have re-computed historical Zestimates back to January 2006. There are a few algorithmic developments that we are still working on and, once these are done, we intend to re-compute all Zestimates back to 1996."
http://www.zillow.com/blog/research/2011/06/14/upgrading-the-zestimate/

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June 16 2011
Profile picture for doublea
they changed the computation of everyone and I dropped by 30k as well... but no worries. I just had an appraisal done for a refi and it came back at 62k above zillow. Way to go zillow.
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June 16 2011
 

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Profile picture for Dunes....
QuestionMy home dropped 32,000.00 in one day despite showing an upward trend.
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