Bad month to be a bottom feeder in the Magic City.
For those who do not worship the Zillow “Zestimates” (first good for you) some background; this is a tool that “prices” residential real estate on it’s website.
Most of the time (as in always) it’s completely clueless and this week it really went were no site has gone before. If you were to take it seriously, we are in the mist of a HUGE pricing increase in the general hood!
Yep, time to party like it’s 2006….one of my listings increased 200k in a month.
Thank you Zillow for again proving that you’re clueless but thank you for at least starting to somehow get the numbers moving in the right direction.
Folks, I’ll say it again and again…Real Estate is local and your home it’s NOT an investment; It’s were you live this crazy little thing called life.