There’s always something to howl about.

Lucky or Consistent(ly Bad)?

And if Redfin’s trip to SoCal wasn’t enough of a distraction today, Zillow issued their Quarterly Home Value reports for 2006. Alas, so much “material” and so little time.

You can see their “Zindex’s” for 75 metro area both on their website and at their blog. I begin by stating the obvious; their median “home values” are based on their own Zestimates, which agents largely agree are (sometimes significantly) flawed. Like a bad wreck, I had to look however.

Surprisingly, Zillow’s quarter-over-quarter and year-over-year numbers for San Diego and its various neighborhoods are not far off compared to recorded sale price changes. I guess when you are talking averages, you can be consistently bad or consistently good, so long as you are consistent.

Edited to add a thank you to Amanda Hoffman at Zillow for sending me the links to the info this morning. They have put together a staggering amount of statistical data which I admittedly haven’t had time to give more than a cursory glance yet.