Just saw this on NBC Nightly News about Zillow getting sued for showing home values lower than what they should be. If you have a problem with Zillow you should consider joining the class-action lawsuit.
We've said this countless times and here it is once more: Zillow is a farce and the single most misleading real estate website in the World.
No website can possibly know what your home is worth, so if you are naive enough to believe everything you see on the Internet, we feel sorry for you. Zillow's excuse is they get their data from County records. Know the last time the County records were accurate? N.E.V.E.R.
The public isn't aware of this, but as of April 20th, 2015 Zillow and Trulia stopped getting feeds from the Denver MLS. Permanently. What the public doesn't know is this means that over time, the real estate data on Zillow and Trulia will continue to get more and more innaccurate (even more than it is now if you can believe it.) Here is what the active listings look like today for zip code 80134:
80134 listings in the MLS: 187
80134 listings in Trulia: 312
80134 listings in Zillow: 343
Why the difference? Can there be listings missing from the Denver MLS? OF COURSE NOT. Because that is the source of all listings. So how do you explain it? Stale listings. Listings that have been sold for 8 months. Why anyone would want to look for homes on either of these sites is beyond me. And now every day that goes by there are going to be more and more listings MISSING from Zillow and Trulia. Every single individual Realtor would have to post their individual listings on Zillow and Trulia manually (oh and also change their status manually when they went under contract or sold) and that simply isn't going to happen. Realtors don't care about Zillow or Trulia. The Denver MLS is the only true source of listings that is 100% accurate 100% of the time. Bank on that. If you want a personal "portal" on the Denver MLS to search for homes, all you have to do is email Jeff Kroll at firstname.lastname@example.org and he will set you up.
Its a sad state of affairs in the real estate world in Parker CO and Denver in general. Due to our CHRONIC LACK OF REAL ESTATE INVENTORY at historical lows per The Denver Post, the only thing in our future is more rising prices of homes. That helps sellers but isn't healthy overall. Where is the balance?
While the public has never had a clue how Trulia gets its listing info, the truth is they get it from a listing syndication service called ListHub. Well guess who has always owned ListHub? Realtor.com. And Realtor.com has now been bought by Rupert Murdoch and News Corp, so it is a new world folks. Effective February 26h, ListHub will stop supplying listings data that it aggregates from more than 560 multiple listing services to Trulia next week. That is 560 markets in the U.S. that Trulia won't have any info on at all. The chain is forever broken. Hmmm...wonder what that means? It means that the FARCE called Trulia is dead as we know it. Having always posted misleading home data on its site for the last 6 years, now Trulia will be even more inaccurate than ever, and I pity the buyer that continues to use that site and think they are seeing the whole market.
The one, and only one credible site for listing data is the local MLS in any city. The Denver MLS is 100% accurate 100% of the time, and nobody can ever dispute that. If you'd like access to this MLS via your own "personal portal" just ask us. Its an awesome experience.