How Zillow ® Cheats on Their ZEstimates ®
A few of us had suspected that Zillow® conveniently changes its "Zestimates®" of value based on MLS activity, instead of trusting their own algorithm. Now we are pretty convinced that this is the case.
We put this theory to the test: A few days BEFORE we listed this townhome in Crowfield Plantation we took a screenshot of the Zestimate® ($139,8180). [Click to enlarge image].
A few days AFTER we put it on the market in MLS (at a list price of $135,000), we went back and checked. Oh surprise! The Zestimate® miraculously came down to $128,558 in 16 days (in a "seller's market")!
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