Loading US money supply and New York City property price chart…
This chart compares the long-term trends in US money supply and average New York City property prices.
Loading gold and New York City property price chart…
Raw figures
The raw figures behind the comparison
Gold price in USD
New York City property price
Methodology
How the figures were prepared
US money supply
Federal Reserve M2 series M2SL, monthly and seasonally adjusted in billions of dollars. PPIG calculates each calendar-year value as the arithmetic mean of all 12 monthly observations.
Gold in dollars
Annual average USD gold prices are the same canonical values used by PPIG's New York City property series.
New York City property
Median recorded residential sale prices from NYC Department of Finance annualized property sales. This is a median, not an average.
Property priced in gold
New York City property price in gold ounces equals the median sale price divided by the annual average USD gold price per troy ounce.
Common coverage
All charts are restricted to the complete validated overlap from 2003 to 2024.
Interpretation
The dual-axis charts compare long-term shape across different units. They do not establish cause and effect or imply that the values are directly interchangeable.