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Hi Sara, I've appreciated you sharing these charts for a long time now. Any chance you could share the same data but adjusted for inflation? I think that might better represent price trends a little more clearly. For example the peak average single home price in 2007 of $450,000 is about $563,000 in today's dollars. Representing a real decline of 24% from the peak to now. Or if we used the Jan 2009 price of about $350,000 (the lowest I can see) that equates to $424,000 today suggesting this months average of $427,600 is on par with the lowest average price from the last 13 years.
Posted by Christopher Adams on Tuesday, March 3rd, 2020 at 10:34pmLeave A Comment