Zillow's Zestimates Yield Different Results

Last month, Zillow changed it's algorithm to calculate Zestimates. The result is more accurate information, but not necessarily happier homeowners. According to Zillow, the previous national median error was 12.7 percent,  but that has now been reduced to 8.5 percent. Metro Denver was even cited as being one of the biggest gainers in accuracy. While this is good news for those consumers who use Zillow it has poised a dilemma for some homeowners who either feel their home is undervalued or legitimately are part of the "8.5 percent error." Though Zillow can't take the place of the abundant historical data found in the Multiple Listing Service, many consumers don't know otherwise and consider Zillow to be totally accurate. Fortunately the Boulder area results I searched all seemed close to accurate, but not all parts of the state or nation are as lucky. You can read Zillow's article, "Upgrading the Zestimate."