The widely watched Case-Shiller home price index published monthly by Standard & Poor’s was released today for the month ending September 2013. There is always a two-month lag time for the data in this report. The index for the Portland Oregon metro area was measured to be 160.2 at the end of September, which means that the average price for a home in this area is up 60.2% from the January 2000 starting point for the index. According to this index, average prices in the Portland area were up 0.7% from the prior month of August and up about 13.5% from September 2012.

The index for the Portland area reached a high of 186.5 in July 2007. The latest reading represents a decline in home prices of approximately 14% from that peak. So a home that was worth $300,000 at the market peak is now worth closer to $258,000 today. Another way to look at the index is that home prices now are close to what they were in roughly October 2005. See the chart below which illustrates what has happened.

Looking at the other markets tracked by the index, Las Vegas and now Miami FL have the largest declines off their market peaks of 46% and 39% respectively. The Dallas TX & Denver CO metro areas continue to set new highs for their respective indices. When looking at the 20 city composite as a whole, the latest index reading is 165.7 and represents an average 20% decline in home values nationwide from the peak.

Case-Shiller Home Price Index for Portland Oregon-November 2013
.

Portland Real Estate Listings

.

case shiller index Portland Real Estate   case shiller index Portland Real Estate   case shiller index Portland Real Estate

Categories: Market Statistics

Comments are closed.

Copyright © Premiere Property Group, LLC, All Rights Reserved | Site by Deep Root Design
Click here to download the Oregon disclosure pamphlet