Скачать или смотреть Zestimates…how accurate are they really?

A Zestimate is an estimated market value of a property calculated by Zillow, an online real estate marketplace. Zillow uses a proprietary algorithm that takes into account a variety of factors, including the property's location, size, age, and other data points such as recent sales of comparable homes in the area.

The accuracy of a Zestimate can vary depending on a number of factors, such as the availability and accuracy of data in the local real estate market, the uniqueness of the property, and any recent changes or updates to the property. Zillow claims that its Zestimates have a median error rate of around 5% nationally, meaning half of Zestimates are within 5% of the actual sale price and half are off by more than 5%.

However, it is important to note that Zestimates are just estimates and should not be relied upon as a substitute for a professional appraisal or a real estate agent's opinion of value. Real estate markets can be complex and dynamic, and there are many factors that can affect a property's value, such as changes in the local economy or housing demand, zoning changes, and other factors that may not be captured by Zillow's algorithm. ‪@TomFerry‬ ‪@Housingoc‬