Friday, May 29, 2009

Median Single-Family Home Prices In Ounces of Gold

This chart courtesy of chartoftheday.com shows the median single-family home selling price divided by the price of gold.

Chartoftheday says:
This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes 192 ounces of gold to buy the median single-family home. This is considerably less that the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down 68% from its 2001 peak and remains within the confines of its four-year accelerated downtrend.

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