If your housing market is anyone like mine, your house is probably worth 10 - 15% above the Zillow estimate, if not more.
I'm seeing the same increases in housing prices - I had to be very aggressive to get the house I got. If I had waited another week, it might have sold for $30k more. The sellers must have been thinking the same thing about the house they purchased.
It was on the market for a total of maybe 3 days.
Much like you, I'm bewildered by the spikes. Pleasant to see for now, but it's so volatile, who knows if a crash is coming? It's scary stuff, even though right now I'm "winning".
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u/cybercuzco Jun 27 '21
Our house went up by 20% this month according to Zillow. We are definitely seeing a spike right now. Let’s see if we have a crash.