Census.gov has a PDF with all the average and median home values from 1963 to October of 2008.
There’s news coming out that home prices are dropping rather quickly. Well, if you look at the chart you can see that the drop is a market correction. Much like what happened in the 80′s. The house prices shot up unreasonably high and now they’re dropping back down. Current prices are looking more like they should had the bubble not happened.
I’m providing the Excel workbook with all the numbers from the PDF and the chart.
