Link provided by DL…thanks!
According to the Consumer Price Index calculations found on this page, which are supposed to take inflation into consideration, if in 2000, you bought a home for $500,000 then today in 2007, your home should be worth $580,508.
If in 2007 you buy a home worth $1,000,000 then in 2000 that home should have cost $861,313.
How does this play out for you, and is your home performing above average?
If you’d like specific comps for your home, give us a shout, as it is impossible to compare apples to apples with such a wide audience.
–What is a dollar worth? [Federal Reserve Bank of Minneapolis]