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Reply to "Please answer my dumb questions about Zillow/Redfin estimates"
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[quote=Anonymous]We have lived in our house since 2009 and Zillow and Redfin have usually been within 5% of each other and accurate for our home, neighborhood, etc. Several months ago our Zillow value went down to our SEV (in Michigan, this is State Equalized Value, it's the property assessed value set at ~50% of market value). No one else in our neighborhood changed, and we know it's way off and have no idea why it would change like that. So to answer your question, it can all be wrong for many reasons. Redfin did not change. [/quote]
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