House prices since 1900, page-11

  1. 25,555 Posts.
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    Interesting, but any graph that uses median priced figures is doomed to being a general guide and not a practical or realistic measure

    Due to home prices covering such an enormous range of prices there are times when the normal family home can drop badly but because a few high priced homes go up the median trend shows no great change

    The only data that shows a true practical chart is one which divides homes into groups and the main group being the large quantity of family homes that the average person buys also excluding all country properties or other special homes

    Plus different cities and areas have similar homes at a different price ranges also upsetting median prices
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    Simply put there are far too many variables for a median price chart to show anything conclusive
    Last edited by kingpins: 23/10/20
 
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