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Why Is My Home Value Dropping on Zillow
"Your home value on Zillow is likely dropping because the platform updates its Zestimate algorithm using recent local market comps, shifting mortgage interest rates, and changing buyer demand. Because Zillow relies on automated public data rather than an interior inspection, macroeconomic shifts and localized neighborhood price adjustments can cause rapid downward fluctuations. Understanding the Mechanics Behind the Zillow Zestimate To understand why your Zestimate is dropping, it helps to look at how Zillow calculates property values. The Zestimate is an automated valuation model (AVM) that estimates a home’s market value based on public reco..."
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