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Why has this house decreased in value so much

  • April 13 2014 - Wilton
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Answers (2)

those computer generated algorithms can be funny, pesky things the human brain just cant understand at times LOL... call a local Realtor for "real information" and dont allow the pesky algorithms any space in your mind.  
  • April 14 2014
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Profile picture for Blue Nile
Machine generated opinions of approximate value is NOT the "present market value".

The tolerance margin is quite wide:
http://www.zillow.com/zestimate/#acc

There also is a 70% confidence interval posted with each estimate, which typically also is quite a wide range:
http://www.zillow.com/zestimate/#faq-1

(30% probability that the value is not within the posted range; better odds than you get playing Lotto or Bingo).
  • April 13 2014
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