When we first started shopping for our home a few years ago our internet searches migrated toward Zillow. At first... Over time it became clear that this site was highly inaccurate, many of the homes were either no longer listed or sold... Fast forward 3 years... We have since purchased our home (no Zillow was of no assistance in doing this. Fortunately we had a fantastic realtor whom guided us in the right direction)
I was curious to see if current information was available upon the Zillow site as an experiment. Low and behold Zillow is at least consistent in that our home value and our neighborhood data was at least one year old. Listing values of 100K or more lower than what the current market and comps state. (even the satellite images shown are of dirt lots at least 3 years old) My warning to any who stray into this grey area of ineptitude... Take it with a grain of salt. There are many other outlets who at least make an effort at accuracy. The only conclusion I can draw from this is that Zillow is only in business to generate revenue from advertising.