Phoenix home prices have “Returned to the Mean”

The video discusses inflation-adjusted Phoenix median home prices.

Inflation-Adjusted Home Prices

The metro Phoenix AZ median home price, inflation-adjusted, has returned to the mean. Just check out this graph.

Remember when all the real estate bubble bloggers said home prices would “return to the mean”? They were right! And now the prices have!

It took more than 10 years but the real median home price in metro Phoenix has returned to the mean that existed before the real estate boom and bust.