Sentences with phrase «zestimate accuracy»
UPDATE — Added the 2016 Zillow Zestimate Accuracy Table in July 2016.
http://www.realestatedecoded.com/
Top 20 search terms with «zestimate» include: «zestimate accurate,» «is zestimate accurate,» and «zestimate accuracy.»
ADDED: To make this easier for you, I took Zillow's own data and created a Zillow Zestimate Accuracy Chart which includes the Typical Zillow Error in Dollars for 25 U.S. cities.
Not exact matches
However, Samuelson notes preliminary testing of Zestimate was conducted in one Canadian market and the accuracy «was good enough I think that you can create something compelling for consumers.»
Zillow claims that the accuracy of their Zestimates depends on the availability of data in the area (Zillow, Zestimate).
The «Increasing Values (%)» dataset will have a bunch of accuracy issues as well, just like Zestimates or any other home value estimates.
I took Zillow's error rates for a sample city, Denver, from the table above and created the graph below so you can visualize the accuracy of Zillow Zestimates.
You can see from the table above that the accuracy varies from city to city but overall the median error rate for all Zillow Zestimates in the U.S. is 6.1 %, according to Zillow.
If more people understood the true level of accuracy / inaccuracy of Zillow Zestimates, the damage to home sellers and buyers would be lessened.
UPDATE: Zillow greatly improved the accuracy of their Zestimates in June 2016 so I updated this post in July 2016.
Zillow's «zestimates,» particularly the «Rent Zestimate,» might as well be a random number generator for all of their accuracy.
The lawsuit criticizes the accuracy of Zestimates, a critique the company is quite used to and typically responds by reminding people that they are not appraisals, and not always accurate across the board (some states are non-disclosure states, for example, so home sales data flows differently depending on location).