This tops a press release that Zillow issued last week:
Real Estate Information Marketplace Leverages User-Submitted Data to Add More Than 25 Million New Zestimate Home Valuations, Improve Accuracy
Boasting about an increase of its data to 100 million homes nationwide, Zillow declares:
The Zestimate median margin of error is now 8.5 percent nationwide, and below 6 percent in major metropolitan areas such as Denver, San Diego and Washington D.C.
The acknowledged margin of error previously was 12.3 percent. Continue reading