Why did my home value/zestimate drop by $20,000 dollars overnight?

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June 17 2011 - Woodland Heights
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Answers (2)

Profile picture for Dunes....
I think it's more likely this


..Zillow Announces Zestimate Improvements
(You may wish to share your Opinion here as others have)

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."
Upgrading the Zestimate
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June 17 2011
Profile picture for Glenda Cherry
Have there been any foreclosures or short sales in your neighborhood recently?  Zillow blindly aggregates data without regard to external factors and this can result in large shifts in values.  Just another reason why you shouldn't take the Zestimates too seriously.  Call a local realtor if you want a true picture of your home's value in today's market.
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June 17 2011
 

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Profile picture for Dunes....
QuestionWhy did my home value/zestimate drop by $20,000 dollars overnight?
  • Latest answer by Dunes....
  • June 17 2011
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