Zillow has introduced a set of guidelines aimed at enhancing listing transparency in the real estate market. These guidelines are designed to counteract the practice of encouraging property sellers to keep their homes off-market, which can limit consumer access and choice. Under Zillow's new standards, any property publicly marketed to buyers must be included in the Multiple Listing Service (MLS) and subsequently listed on Zillow and other platforms that receive MLS feeds.
eXp Realty has become the first real estate company to align with Zillow's initiative, committing to posting listings in the MLS within a day of being publicly marketed. This ensures that their properties are visible to the broadest possible audience, including on Zillow.com. This move is in line with the National Association of Realtors’ Clear Cooperation policy, which aims to bring greater transparency and fairness to the real estate industry.
Properties that do not adhere to these new standards will not be published on Zillow, which is a leading real estate marketplace, or on Trulia for the duration of their listing period. By enforcing these regulations, Zillow seeks to ensure that buyers have access to more comprehensive property information, thereby promoting a more customer-friendly experience.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 21 analysts, the average target price for Zillow Group Inc (Z, Financial) is $88.62 with a high estimate of $110.00 and a low estimate of $70.00. The average target implies an upside of 43.37% from the current price of $61.81. More detailed estimate data can be found on the Zillow Group Inc (Z) Forecast page.
Based on the consensus recommendation from 24 brokerage firms, Zillow Group Inc's (Z, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Zillow Group Inc (Z, Financial) in one year is $64.07, suggesting a upside of 3.66% from the current price of $61.81. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Zillow Group Inc (Z) Summary page.
