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Depends how specific you are. Home prices were largely inflated around 2006 and 2007. The market crashed in 2008 and home prices dropped significantly in 2009 and 2010. It wasn't until the scamdemic that prices went up so high again. In 2019 there were still lots of deals to be had.

Also much of the pricing has to do with the availability of lending. If banks are printing and lending lots of home loans, then you have more buyers with more money. If the banks decide to make bank loan qualifications stricter or give out less of them, then less buyers with less money equals lower prices.