From Zillow’s database, I am seeing one consistent trend in the market valuation chart of 5-yrs for any SD county home.
The price incline was rather linear until Jan-2004. Beyond jan-2004, the incline was steep and sharp until it went flat and started to correct downwardly.
Now that it’s on a decline, will it be fair to assume that decline would stop when rate of incline becomes linear again?
(Didn’t speculate what that normal rate of incline could be)
For example, for the above mentioned home i.e. 14624 Carmel Ridge Rd, a decline to the level of 450k-500k would restore the home back to the previous slope.
Can I generalize the trend like this or my novice observation is flawed?
