Ownwell recently upgraded the data sources we use to estimate home values. These updates give us access to more accurate and comprehensive property and market data.
Because of this improvement, you may see a noticeable change in your estimated home value that is not caused by actual market conditions. Instead, it reflects a correction based on higher-quality data. While these updates lead to more accurate estimates overall, computer-generated estimates always have limitations, and you should not interpret them as a precise valuation of your home.
What This Change Means
Your home value did not suddenly rise or fall. Any sharp change is due to improved data, not real market movements. The updated estimate is likely—though not guaranteed—to be closer to your home’s true market value.
Your ongoing monthly estimates will now be more accurate and consistent. The upgraded data helps reduce volatility and improves reliability over time.
Your report now uses the same types of data sources trusted by major financial institutions. This provides a stronger foundation for the insights you see each month.
Will This Happen Again?
Large corrections like this are uncommon. We only reset estimates when upgrading our data providers or valuation models in a significant way
What You Should Do
If you have questions about the estimated value of your home, reach out to the professional who sent you this report. They can provide a personalized, professional analysis that reflects your home’s unique characteristics.