From the report: The suit, which may be the first of its kind, was filed in Cook County Circuit Court by a Glenview, Ill., real estate lawyer, Barbara Andersen. Zillow has never not worked really well for all of my uses (shopping, price checking, looking at neighborhoods, etc), and it's done so in a way that no other realty website ever has. We receive this information from the County Assessor’s office and user-submitted data from our partner site, Zillow. Listed our home FSBO with Zillow with an adjusted price of 309,900. Zillow has done nothing for lower commissions and cannot be trusted. In order to edit the bedroom/bathroom count, square footage, and other home facts, you must first claim ownership of your home's property page. This makes me think Zillow’s algorithm gives huge weight to the actual list price. Zestimates are within 5 percent of the sale price 53.9 percent of the time, within 10 percent 75.6 percent of the time and within 20 percent 89.7 percent of the time, Zillow claims. Hmm… Zillow’s search and maps functionality is based on some of the latest and greatest web technologies (AJAX, Flash, XSL transformations, and more). Zillow publishes the accuracy of their Zestimates so let’s use their median errors data to turn their Zestimates into estimated sales price ranges for individual homes. What I found via the MLS is that the house had sold in three days a month prior and for over asking price. Zillow’s data showed the house was currently for sale, had been on the market for almost a month and was in the area and budget they wanted. Boy was I wrong. The price was reduced to $335,000 and right away Zillow’s estimate changed to $346,364. Find the latest Zillow Group, Inc. (Z) stock quote, history, news and other vital information to help you with your stock trading and investing. The reality is that realtors have a huge vested interest in making it more difficult to shop for a house and generally rely on information asymmetry in a massive way. According to Zillow’s Zestimate Accuracy Table, 10% of their Zestimate prices were off my more than 20% from the actual sale prices. Z is for the new class of non-voting stock, C shares, while the A shares trade under the symbol ZG. According to The Washington Post, "a homeowner has filed suit against online reality giant Zillow, claiming the company's controversial 'Zestimate' tool repeatedly undervalued her house, creating a 'tremendous road block' to its sale." By cutting out a lot of unnecessary middlemen, maybe Zillow could lower selling commissions from 5-6% down to perhaps just 1-2% of selling price. Half of that 10% are Zestimates that are too high by 20% or more, and half are Zestimates that are too low by 20% or more. 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