Organization

How Zillow Group uses AI

3 public AI deployments across 3 use cases, United States. Every number is quoted from its source.

Documented AI deployments

Use case: AI conversational property search assistant for real estate portals

Use case: AI enterprise knowledge search for employees

Use case: AI support for property valuation and appraisal

Zillow Group

United States · Real estate · 2021

Paused or rolled backGrade B

Zillow Group's Zillow Offers business bought and sold homes directly. In February 2021 Zillow began using the Zestimate, its home valuation model (upgraded in June 2021 to a neural network model), as a live, initial cash offer to homeowners through Zillow Offers, so the automated valuation stood in for an appraisal or an agent's opinion in that first price.

On November 2, 2021, Zillow Group announced it would wind down Zillow Offers, saying the unpredictability of forecasting home prices far exceeded what it had anticipated and that continuing to scale the business would create too much earnings and balance sheet volatility. The same quarter's results included a writedown of Homes segment inventory of approximately 304 million dollars, because homes purchased in the quarter had been bought at higher prices than the company's current estimates of future selling prices.

No outcome disclosed.