Home prices history chart
Even adjusted for inflation, the median home price in 1940 would only have been $30,600 in 2000 dollars, according to data from the U.S. Census. Home prices are falling from 350 to 300/sf, inventory is increasing in the last 6 months. However there is a noticeable upsurge in the stupid money, the HGTV and AM radio speculator clowns and whatnot. The median price of homes currently listed in California is $533,500 while the median price of homes that sold is $517,400. The median rent price in California is $2,775.