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Median Home Price


fprec.com
 

Do a Google search with the search term "median home price" and you will come up with different numbers from almost every site.  The problem
with trying to gain statistical information on homes all across America is that all real estate is local.

Before you trust statistical information from a web site, try to determine the source of their data.  When a web site such as Trulia shows statistics for listing price and sales price, their data set, the way they receive information, is based on their web traffic, not actual data from real estate transactions.

On the other hand, websites like Housing Tracker provide information on aggregate listing data.   This data is based solely on the listing price of a home and does not reflect actual sales prices.  Given that foreclosures and Short Sales have dominated the news, and 30 to 35 percent of the market, since September of 2008, the actual median sales price could be of more benefit to the consumer.  Another down side is that Housing Tracker lumps say 5 counties in Missouri and 4 counties in Kansas and then calls it Kansas City, Missouri home listing statics.  

A fun site for number crunchers is Zillow.  They use data sets that include information from county websites, a few real estate agents, builders, and individual home sellers.  What ever data may be lacking from their website is made up for in the cross section of information they provide from other sources.  The Zillow website recognizes that all real estate is local to the degree that their data is broken down into web sets by County, City, Zip, and neighborhood.

To do your own home statistical search go to fprec.com where you can get live information on the current listing market from a Heartland MLS data feed.  This option lets you do an apples to apples comparison of homes listed based on your search criteria.

 

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