According to the Memphis Business Journal, home prices in Memphis fell in February vs February, 2009. MBJ cites data provided by First American CoreLogic.  I am sure this is a reputable source, but it seems that with the vast variety of sources available, housing numbers can be spun a number of ways. So, let’s look at:
Altos Research seems to indicate that Memphis prices are rising:
Trulia agrees that there was a decline in prices:
Zillow shows a continuing downward price trend:
And the Memphis Area Association of REALTORS® reports that, prices increased by 5.5% from February of 2009
The MAAR data is based on actual recorded deeds- I don’t know if there is a more reputable data source. So why the disagreement in what’s happening in the Memphis market?
Coverage area – Is the area covered in the report within the Memphis City Limits, the limits of the MAAR MLS, the Memphis Metro area, the Memphis MSA , or some selected Zip Codes?
Data Source – Can someone tell me a reliable source other than closed transactions, and a better source of closed transaction data than recorded deeds?
What do you think? Who do you trust for real estate data? How do you think the real estate market is doing? Does any of this matter? Is it irrelevant because all markets are micro localized?  Consumers are bombarded with data. I am really interested in how you are consuming it.
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What do you think? Leave your comments.