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Updated almost 7 years ago on . Most recent reply

Greg Sharp's profile image
Greg Sharp's profile image
Greg Sharp
  • from Colorado Springs, Colorado
  • Member since Oct 14, 2015
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Greg Sharp's profile image
Greg Sharp's profile image
Greg Sharp
  • from Colorado Springs, Colorado
  • Member since Oct 14, 2015
Connect
Greg Sharp
  • Colorado Springs, CO
1
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2
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Buying & Selling Real Estate

Zillow estimate decreases???

Greg Sharp
  • Colorado Springs, CO
Posted

I have seen numerous Zillow estimates that have dropped 10%-20% after being listed. I am assuming the Zillow algorithm uses list price to factor its Zestimate, but I am wondering if the pre-drop price could still be used. Has anyone else seen this, or does anyone have any insight as to why these estimates might be dropping so much. The other houses in the neighborhoods are not dropping.

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