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That means if a home was estimated at $300,000, it sold between $285,000 and $315,000. Sixty-four percent of the time, Zillow's estimates were within 10%.
Zillow’s core business — selling marketing services to real estate agents — has been under pressure since higher interest rates depressed home sales in the middle of 2022.
Zillow, which belongs to the Zacks Real Estate - Operations industry, posted revenues of $529 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 3.87%.
Zillow Group beat fourth quarter earnings expectations as it continues to navigate the housing market slowdown. The Seattle real estate tech giant on Wednesday reported total Q4 revenue of $435 ...
Zillow reported third-quarter earnings that beat analyst estimates, as the company’s efforts to diversify revenue helped the company weather a sluggish homebuying market.
Thinking of selling in this housing market? Here's a look at how accurate Zillow's home estimates are and why a realtor says you shouldn't take it at face value.
Zillow (Z) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.43 per share. This compares to earnings of $0.36 per share a year ago. These figures are ...
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