Inaccurate Zillow Zestimates A Source Of Conflict Over Home Prices

Dated: 02/08/2015

Views: 1219

"Are Zestimates accurate? And if they're off the mark, how far off? Zillow CEO Spencer Rascoff answered that they're "a good starting point" but that nationwide Zestimates have a "median error rate" of about 8%."

Whoa. That sounds high. On a $500,000 house, that would be a $40,000 disparity — a lot of money on the table — and could create problems. But here's something Rascoff was not asked about: Localized median error rates on Zestimates sometimes far exceed the national median, which raises the odds that sellers and buyers will have conflicts over pricing.


^ Please keep this in mind folks. Here's the full article.

Gavin McCaleb

Gavin has lived in Boise for over 20 years. In 2003 he got his start in real estate as an investor and since then he has personally bought and sold over 100 houses. He got licensed in 2009 and is now....

Want to Advertise on this Site?

Latest Blog Posts

Great Single Level Home In A Convenient Boise Location 3968 S Oak Brook Way MLS 98674860

Great single level home in a convenient Boise location3968 S Oak Brook Way MLS 98674860Great single level home in a convenient Boise location.  Close to the Greenbelt, Bowne Crossing and all

Read More

Last Remaining Riverfront Lot In Eagles Most Desirable Subdivision 1123 Sherington Eagle MLS 986674

Last Remaining Riverfront Lot in Eagle’s Most Desirable Subdivision1123 Sherington Eagle -MLS 98667459You don’t want to miss the opportunity to build your dream home on the last remaining

Read More

Turn Key Kuna Home Ready For A New Owner

Turn Key Kuna Home Ready For A New Owner1878 W. Oakley Way Kuna ID 83634$214,900MLS: 98674193Contact: Jared Cozby (208) 830-3715Turn key home ready for a new owner! All new flooring - new

Read More

Completely Remodeled Classic Ranch On The Golf Course 4959 Umatilla Ave Boise 83709 MLS 98673494

Completely Remodeled Classic Ranch on the Golf Course.  4959 Umatilla Ave, Boise 83709, MLS 98673494Fall in love with this totally remodeled classic ranch home located on the 1st

Read More