Did zillow change their methodology recently?

[Independentthinking]

This is like talking to a wall. Sorry that your comprehension skills are lacking and you can't seem to understand this. I'm through with this.

[phantompilot]

Originally Posted by Independentthinking

This is like talking to a wall. Sorry that your comprehension skills are lacking and you can't seem to understand this. I'm through with this.

I think its YOUR skills that need help. First of all this isn't even your thread. You jumped in with an unqualified and unsupported assessment of Redfin as being "terrible" merely because their estimates were "200K higher" than other valuation sites you look at. However, you admitted that:

a) you're not a real estate professional
b) you didn't tour the homes you refer to, so you have no idea what the condition and other factors are
c) you don't know how the methodology of the other sites compares to each other, or to Redfin

I explained to you, that a 200K delta isn't really unusual, that I've witnessed personally a six figure delta myself on a property that I just sold, that Redin was within 2% of the sales price and Zillow was 8% within and that together the delta was significant - over 100K, and that Zillow updated their prices by a huge amount in a week during an active listing, while Redfin kept theirs nearly the same, which wound up being very close to the actual transaction price of the home.

So there you have it. Add in the fact that analysts have also identified Redfin as more accurate, and it kind of supports the idea that Zillow changes their prices by massive amounts because their Zestimates are so far away from the actual market value. Hence, yes, it supports the OPs wondering whether they have recently made changes to their methodology. I think the evidence points to "yes"...that seems highly likely to be the case.

You can find lots of other people saying the same thing, including real estate pros.