Although the market remains very subdued (low volume of home exchanging hands) and pricing remains flat, much like 2014, the public seems to be 
receiving a very different message. It is easy to look for villains, and frankly we needn’t look that far. (Hint: Zillow). Case in point, in speaking to a cable company technician the other day, he lamented that his home had dropped in value 60K in just the last few months. What?? The valley has had no major ups or downs in the last year and a half - how did his home drop 60K in just two months? We quickly assured him that short of a fire, his home did not drop 60K but asked the source of his information. As suspected, his source was Zillow. To their credit, they have done an amazing job at becoming the go to valuation site. Sadly they do a very poor job of deserving it. Zestimates are simply a fun tool but in no way are accurate for determining value nor the state of the market. The only accurate way to determine value is with a supply/demand analysis – and that takes a person to evaluate what is relevant and what isn’t. Automation is not a substitute for thinking. Don’t be fooled in to thinking otherwise.