How accurate are Zestimates? Zillow awards $1M to trio for improving them

In Seattle, the typical Zestimate is off by 4.7 percent, which amounts to $35,000 on the median home. Data scientists from around the world competed to improve the algorithm and expect to get the median error rate down to about 4 percent.

This story is from The Seattle Times. Read the rest of this News story at https://www.seattletimes.com/business/real-estate/how-accurate-are-zestimates-zillow-awards-1-million-to-trio-for-improving-them/?utm_source=RSS&utm_medium=Referral&utm_campaign=RSS_seattle-news.

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