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Answers (4)
Best Answer
- orangewood4
- Contributions:3
yeah, seems Zillow upgraded the algorithm driving their Zestimates last night, resulting in wild swings to the previous property valuations. For the non atom-splitters among us, its hard to understand how an algorithm tweak to sharpen Zestimate accuracy can result in 30-50% correction. For a metric with serious credibility issues to begin with, this just adds to the doubters.
- skatinnatin
- Contributions:3
I think something went wacky with there algorithym. My home value shrank almost 5k while my neighbors had little to none adjustments. Something is fishy in zillowland. My insurance agent was shocked when I told him about it, even he thinks something went wrong somewhere. I used to think this was a good site to evaluate my homes value, now I have serious doubts.
- HomeSand.net, "White Picture"
- Contributions:4398
Zillow changed its algorithm, while many homes are get better Zestimate, a few may not. Click on the followed link for the information.
- Matthew Z CS
- Contributions:446
Wanted to share some useful links with you all. Feel free to pass this around. We just updated our Zestimate algorithm. You can read more about this change in our ZestimateImprovements FAQ.
If you have questions about the accuracy of the numbers, please browse to thislink to view our datacoverage and Zestimate accuracy.
We also have two blog posts on the recent changes...
ZillowExpands and Improves Database of Homes
Upgradingthe Zestimate
Thanks for using Zillow!
Matthew
What is aZestimate?
Why has my home value dropped so dramatically since December 2010?
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