Talk of The Villages Florida - View Single Post - Buyers Market and Record Numbers are Backing Out
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Old Yesterday, 07:16 PM
BrianL99 BrianL99 is online now
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Quote:
Originally Posted by shut the front door View Post
Zillow appraisals are usually about 30% off. Unfortunately, that's either way.
That's ridiculous.

Zillow & Redfin maintain an accuracy of +/- 2% for on-the-market homes. About 8% for off-market homes.

I'm not saying it's never happened, but I've never seen a Zillow or Redfin estimate be more than 10% off, unless it was a very unusual home or location.

In a market like The Villages, Zillow/Redfin is almost always going to be within about 5% on off-market, closer for homes on-market.
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