Zillow has its worst day in nearly 7 years as it moves more into home sales

Shares of online home sales site Zillow were down more than 16 percent by the close on Tuesday, marking the company's worst day in nearly seven years.

Closing at $49.40 per share, the stock recovered some of its losses from earlier in the day, when the price was as low as $48.26 in morning trading. However, Zillow has not fallen as much in a single day since November 2011, when it shed 16.49 percent.

Sara Salinas & Ariel Shapiro | CNBC

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