The depression caused a slump, but around 1920 5$ would have been about $200.
You can look at it however you choose, but I used the Consumer Price Index.
Man that thing went out of the park...The seller must know something we don't....
The dangers of doing math in one's head
The best way to protect yourself is probably to wait for multiple listings so you can get a more diverse sense of the "value" and try to determine if someone is artificially boosting the selling price.You put it perfectly. I like when someone tries to say something is worth some amount, but no one will actually pay it. I am seeing that with homes these days. The asking price is something, realtor says it is worth something else. How won't sell because the offers are not high enough. People are not willing to pay what the owners (in this case, banks) think it is worth. Said house stays on the market for over 6 months, with the asking slowly dropping $10-15K every month.
