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what does it mean "zillow predicts future sale to be...".

does the list price on a very low item mean the bank got it for that amount and the price will be higher?
  • March 29 2014 - US
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Answers (1)

Profile picture for blue screen exile
No... the Zestimate range is still only a 70% confidence interval...  The "forecast" is just a % extrapolation for the area, based on a number of trends Zillow is monitoring.  See the FAQ:
http://www.zillow.com/help/zestimate-forecast/

Also see the research blog:
http://www.zillow.com/research/zillow-home-value-forecast-methodology-2-3740/
  • March 29 2014
  • 1Yes

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