The chart above is calculated based on comparing the median sales price in 2014 to the median sales price in each of the prior 14 years.

Several key points to take away from this chart....

• For many, many home owners, this chart may have very little pertinence to the value of your home.  These calculations are based on median sales prices, and your home (and/or neighborhood) may have performed VERY differently during any of these time periods.
   
  
• If you bought your house between 2006 and 2008, it's still not necessarily an exciting time to sell -- though hopefully that is not news to anyone.
   
  
• Home values are still (barely, slightly) declining (year-over-year), so despite today's buyers getting great deals on their houses, they still need to plan to be in them for at least five years to be sure to see gains in their home value.
      
• If you bought in 2004 or prior, you should do just fine if you are selling today.

But again, the most important point is that while this might provide a general guide to what has happened with home values over the last decade (+), every home and neighborhood is unique.  Let's chat about your specific house if you want to know what it is worth in today's market.