It then rates your listing based off these statistics for the given price point and area. Ironically, Zillow CEO Spencer Raskoff wrote about this topic at length in his recent book Zillow Talk. Anonymous wrote:To keep track of houses I am interested in - to see open houses, price drops, what they sell for, etc.We are probably not ready to buy yet. We want to save more money first. As to all of the comments about the Zestimate, Mine went from $540k to $8somethingK and back to $550k, all inside of two weeks. The longer the property is listed for sale, the better chance I have of making and getting the property for a lot lower price than the price that is listed. You can search for homes on Zillow and create Saved Searches to receive updates on your search preferences. If there are homes extremely similar to yours in your neighborhood that are selling for around $200,000, you may have a hard time selling yours for $260,000. You see, Zillow makes most of their revenue from real estate agents. Why You Should Avoid Zillow at all Costs and Trulia and Realtor.com…etc In a society obsessed with technology and social media, we are bombarded by loads of content. The reason I save houses for sale is to see how long they are on the web site and do not sale or is listed for sale with a pending sign and comes back on the market. Just pull up Zillow, do a search for homes in your city or area, and then look at comparable homes, and more importantly, recent sales in your area. My experience was about one save for every ten views. If it happens, and it other states follow, ouch! Zillow offers sellers listing statistics (views and saves) for a particular day or 30 day span. Zillow is an online home selling and buying marketplace. How Does Zillow Work? Today, anybody can post information online and just because something’s popular doesn’t mean it’s accurate. Go to Zillow.com and enter your preferred address, neighborhood, city, or zip code. Log into your Zillow profile. They show listings for homes for sale by agents and by owners. Zillow is the nation’s leading online real estate marketplace, based on monthly website traffic. The Zillow Instant Offers program directly contradicts their CEO's own advice to home sellers. It is a great tool for marketing a home for sale as it lets you show as many images as you want and has a good layout for describing the relevant information about your home. New York State regulators expressed an intent to outlaw Premier Agent, Zillow's major revenue source. Around 70% to be exact. I use Zillow saves in much the same way as functionthenlook described above, so my save would mean nothing to you in regards to purchase interest. Because of this, Zillow isn’t exactly shouting from the rooftops about their new program. 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