AVM versus Broker: Who’s More Accurate at Valuing Homes

Brokers eschew Zillow’s AVM stating a lack of accuracy and the confusion it causes in the marketplace as their major complaints.  So let’s investigate how real estate brokers and Zillow’s AVM stack up against each other in terms of valuation accuracy. Zillow claims a median error rate of 8%.  Per Zillow’s website this means half of all automated valuations are within 8% of … [Read more...]