Skip to main content

What's up with Redfin's charts? They seem screwed up.

I've owned a house for many years (well, the bank owns a lot of it too, actually) and track it's estimated value using Redfin. I have a spreadsheet history that I update each month going back years. But there's this weird bug I noticed where the estimated value gets retroactively changed.

For example, in January 2018 Redfin estimated my house at almost 2.3M. It was approximately 2.3M for several months -- before and after January -- so it was pretty stable and not some error on my part where I might have written down the wrong number one month. But now if you look at the chart for the same time period around Jan 2018, Redfin has an estimate of approximately 2M.

The value has fallen recently (per their algorithm) which is fine and probably accurate. But they're not only adjusting the current value, but retroactively decreasing the historical value. It's not really a problem for me for any practical reasons, but it just seems bizarre. It was worth what it was worth back then (and I know the original estimate back then was pretty accurate based on comps at the time), so why are they messing with the history?

submitted by /u/whatsherface99
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/e2s549/whats_up_with_redfins_charts_they_seem_screwed_up/
Labels:

Comments

Post a Comment

Popular posts from this blog

North Carolina – “One to Buy; Two to Sell”

I realize I will likely have to contact a real estate attorney but also hoping to hear insights and experiences from others! I have a house in NC that I bought by myself in 2009, and paid off, in full, in 2022. I got married in 2023. My spouse and I have not lived in the house as our "marital residence". We have maintained separate residences even after we got married. (That a separate topic!). I am now selling this house. Realtors have told us that my husband has to sign the deed at time of transfer but I am not convinced since the house has not been our marital residence. The realtors like to use the phrase "one to buy; two to sell", which seems like a broad-stroke statement which is not applicable under all circumstances. And of course, the realtors don’t realize the details of my specific circumstances: I purchased and paid for the house in full prior to marriage Only my name is on the deed And most importantly, we have never lived in the house as a marit...
Post a Comment
Read more

Looking for Prospective Opportunities to Utilize Floor Plan Redraw Skills

"Hey HomeOwners & Investors , I have a team of 10 professionals who are trained in redrawing/redesign floor plans in both 2D and 3D interior& exterior using floorplanner.com/3ds Max and TruView point cloud. We're looking for prospective opportunities to utilize our skills. Are there any companies or individuals in need of accurate floor plans and measurement reports ? Any suggestions for where to start looking? Thanks in advance for your help!" submitted by /u/mangojuicelife [link] [comments] source https://www.reddit.com/r/RealEstate/comments/119uoh0/looking_for_prospective_opportunities_to_utilize/
Post a Comment
Read more

Question With Tricon "Pending ID".....

My wife and i, along with 2 other peopl applied to rent a house, and our application says "Approved, Pending ID". Anyone else know what that means? Do we pretty much have the place or are we missing something? submitted by /u/Itskrueger [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1orixqj/question_with_tricon_pending_id/
Post a Comment
Read more