If you take the median price for 2000 ($269,000) and add 3% inflation for 8 years that gets us $340,000. So the $415,000 median price is about 20% inflated.
Sunday, April 6, 2008
San Diego County seeing 2002-2003 pricing levels
According to DataQuick, the combined median price for a home in San Diego county is $415,000. Looking back in history that puts us in between 2002 and 2003 pricing levels. While that's a step in the right direction most homes are still overpriced.
If you take the median price for 2000 ($269,000) and add 3% inflation for 8 years that gets us $340,000. So the $415,000 median price is about 20% inflated.
If you take the median price for 2000 ($269,000) and add 3% inflation for 8 years that gets us $340,000. So the $415,000 median price is about 20% inflated.
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