From time to time, I check my home’s value estimate on Trulia and Zillow. Over the last few months, something odd has been going on.
Trulia shows my home’s value increasing relatively steadily. That seems to follow the general area trend.
Zillow shows something COMPLETELY different. It shows a steady rise in the first half of 2013, and then a steady (and rapid) drop since mid-2013.
The rise according to Zillow mirrored the rise according to Trulia. But then there was a complete disconnect in mid-2013.
The strange thing is that the drop, according to Zillow, has been very substantial (over 30% since mid-2013). In fact, it now shows the value as being BELOW the 2011 price bottom. That’s just weird.
None of the other homes in the neighborhood have any similar drop, according to Zillow. In fact, Zillow has them all either holding their value or increasing. So it’s not area-specific. Rather, it seems to be home-specific (and, specifically, my home).
