Is Redfin’s estimate totally worthless? : r/RealEstate – Reddit

June 27, 2024

Is Redfin’s estimate totally worthless? We have been watching a house on Redfin that we think is overpriced. Originally listed for 500k. Redfin estimate: 494k. Price drops 3 weeks into listing to 450k. Within a day, Redfin estimate drops to 435k. Anyone have any insight? Are the estimates total BS?

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