Debunking Zillow
I've always been a little bit of a hater of Zillow. Deep down I always felt they presented data with a point of view against Realtors and home owners. Again, this is my opinion . You can agree or disagree. I was playing around their site recently to see if they had anything of value I could incorporate on my own website . I checked out their Widgets and and started looking at their Median List Price widget . It's my opinion that list prices have little to do with actual real estate values, and even less of a use in determining price trending in a particular area or neighborhood. Let's face it, you can list a property for any price you'd like, but the actual sales price determines real estate values. I do use list price data to gauge price negotiability and softness in demand, by comparing list price to sales price ratios, when working with buyers. So, as I was evaluating their widget, I checked out the neighborhoods t...