Yep, Texas market values have risen over 50% in the last year.  In fact, they dropped slightly up until about the last month where they rose almost 60%.  Well, at least that’s what Zillow is telling me.  Take a look at their market value graph I saw this morning.

According to Zillow,  Texas market values are up drastically.

This just goes to show you that Zillow’s estimates aren’t all that accurate.  So please be sure to check with your local Realtor to get an accurate assessment of your property or any other.

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26 thoughts on “”

  1. That is very interesting, here in Australia the real estate market is in decline, but trends are pointing upwards very slowly but as the recession is almost easing new home owners should be able to start thinking about joining the rat race.
    Great site by the way, some great information here.

    Regards Lisa

  2. Fascinating! I was just looking at the iPhone version of Zillow for the first time over this past weekend and wondering to myself how accurate the data is (it seems I’ve been reading a lot of comments lately about real estate agents who are using Zillow and I’ve been wondering to myself why that’s the case when they could be going directly to their MLS data). I guess now I know – not very! Thanks for raising awareness regarding this. I do think there is danger with sites like Zillow making valuation determinations, especially if they don’t make the proper disclosures about how they arrive at sales data. One thing is for sure: a serious buyer should ALWAYS consult a licensed Realtor for the most accurate and up-to-date sales data!

  3. These national sites don’t have the knowledge to properlyreport on local market data. Think about it; why should I read an article on a third party site who uses third party data? Totally unaccurate.

  4. Texas market values have risen over 50% in the last year.Really awesome also very interesting that . here in Australia the real estate market is in decline, but trends are pointing upwards very slowly but as the recession is almost easing new home owners should be able to start thinking about joining the rat race.

  5. I believe it – i live in Austin TX! I think the rock bottom in Texas was 6-9 months ago. I know the new home builders are starting to get brave again with fewer builder incentives and the first price increase since 4th quarter of 2008.

  6. Thanks for that nice information you provided. I will make sure that I consult a local Realtor for better assessments.
    Keep posting.

  7. Occasionally I stress out about the big dog web guys breaking into the real estate scene and pushing us residential real estate agents out of the market. Then I read a post like yours. I have to believe that real estate sales, especially high rise condo sales like I specialize in, is complicated enough that the public will still turn to us for help. Buyers like to do more and more of the foot work (internet research) but I believe they ultimately see the value of using a knowledgeable and experienced real estate professional….at least I hope so. W

  8. Thanks for raising awareness regarding this. I do think there is danger with sites like Zillow making valuation determinations, especially if they don’t make the proper disclosures about how they arrive at sales data. thanks for the info

  9. Last year texas real estate market values had gone down so badly. but now things are changing globally again. the value of real estate market will definitely increase in this new year 2011. In India, the real estate market was down last year, but now it starts to grow. I live in Kerala, a state in India where people invested a lot in real estate till 2 years back and on last year everyone were fearing to invest in real estate market. but i can see a rapid increase in the investment of real estate in kerala.

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