[quote=pinkflamingo]Interesting phenomenon. A home was valued between 1.2-1.3M on zillow, redfin prior to listing their home. The home was subsequently listed for 2 million. All of a sudden redfin, zillow estimates immediately jumps to 2M[/quote]
I found the most outrageous behavior is that Redfin would also modify their historical price estimate to show a gradual increase of estimate from 1.3M to 2M, further to justify the current valuation.