Zillow “Zestimates” under fire again

Posted

For years, Realtors, real estate agents, and brokers have questioned the accuracy of Zestimates and its benefit for buyers and sellers. But a new report from the Los Angeles Times delves into Zestimates, finding that the margin of error for the property value estimates can be massive in some areas.

According to the LA Times report, the Zestimates in some states and counties have enormous margins of error, including Somerset County, Maryland, where the median valuation error rate is 42%. Read more…