They don't provide much documentation, but I am pretty certain their data contains new construction sales and prices. How else could we explain the all time peak in the average sales price for El Dorado Hills? With a meager 57 sales, high end homes must be really influencing the averages (which is why most real estate statistics don't use averages!).
Folsom on the other hand is looking very reasonable. Prices have dropped 25% from the Melissadata peak. We are now back to Sept 2004 prices. Obviously lower prices have spurred some activity because sales appear to be holding up okay in Folsom.
A moving average is provided to smooth out large variations in the data for both sales and average home $$.
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