Zillow may have paid $1 million to the winners of its Zillow Prize, a competition aimed at improving its long-running Zestimate, but it looks like some of the findings from the winning team are paying off for the home-valuation tool.
The Seattle-based real-estate technology company announced Thursday that the new Zestimate is the “most sophisticated and accurate” version since it was launched in 2006. To get there, the company credits the use of real-time data as well as computer vision that was trained on millions of photographs of homes on Zillow.