How Much Is Your Home Worth? TESTING Instant Home Price Estimates
Are you wondering “how much is my home worth?” I don't mean my home, but your home, “what is your home worth?” We are going to run through a test of some instant valuation tools (also known as Automated Valuation Models or AVMs) including Zillow, Redfin and Realtor.com. They often have very different instant home value estimates, but are any of them accurate? We ran a test with a recent listing of ours by gathering the instant home values before putting on the real estate market to compare the home price estimates to the final sales price. Was any instant home price correct?
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