Zestimates Still "A Starting Point"

James Hagerty at the Wall St. Journal looked at Zillow’s Zestimates today. (Read How Good Are Zillow’s Estimates?) So what does he come up with?

A Wall Street Journal analysis of 1,000 recent home sales shows that Zillow’s “Zestimates” often are very good, frequently within a few percentage points of the actual price paid. But when Zillow is bad, it can be terrible — off the mark by more than 25% on one in 10 homes.

Not much new really here. Looks like the Fortune cover story is having some spinoff though.