Tuesday, October 28, 2008

Graphs of Housing Prices

Check out this interactive graphic on housing prices in various cities. Like most graphs of housing prices, this tracks the year over year change, not the actual average or median prices themselves. Here's a site that tracks the actual prices, adding an adjustment for inflation. There are links at the bottom of the page for local stats. According to this site, the median New York metro area home price is back to what it was in mid-2005.
Will it drop further? Who knows. Everyone always says those Wall Street bonuses buy a lot of expensive real estate, but though that money is huge, it's still a relatively narrow segment of the population making the big bucks, so average prices are more likely to drop than median prices... either way, there will certainly be some effect, as the aforementioned Wall Street bonuses are going to be a lot smaller this year.


Miss M said...

I bought in Los Angeles in 2005 and know I'm underwater, here prices are already back to mid 2003 levels according to the LA Times. The house across the street is for sale and they've reduced the asking price 5 or 6 times. It's now at $150k less than what I paid, still no interest. It's painful but there is not much I can do short of inventing a time machine, go back and tell myself to wait.

Anonymous said...
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Anonymous said...

Very interesting charts, especially the interactive one.

Ampersand said...

GREAT interactive chart. Home prices in the Raleigh Durham Area are just starting to decline as you can see on the Charlotte part of the map.

Jesse W.

Anonymous said...

I know this is a little late, but there's a really good interactive charting tool that gives median house prices in 330 cities across the U.S. at median house prices
Click on the tools tab and check out the "Median Home Price Charting Tool."