The widely watched Case-Shiller home price index published monthly by Standard & Poor’s was released today for the month ending September 2017. 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 223.6 at the end of September, which means that the average price for a home in this area is up 123.6% from the January 2000 starting point for the index. According to this index, average prices in the Portland area were up 0.2% from the prior month of August and up about 7.3% from September 2016.

This months data shows another all-time high for the index in the Portland metro area. Prices have increased 73.3% since the bottom of the local housing market in March 2012.  That equates to about a 10.5% increase per year  on average over the last 5 1/2 years. See the chart below which illustrates what has happened.

Looking at the other markets tracked by the index, Las Vegas NV and Phoenix AZ continue to have the largest declines off their market peaks of 29% and 24% respectively. Portland joins San Francisco, Seattle, Denver, Dallas, Atlanta, Boston & Charlotte as metro areas that have fully recovered and all are currently registering their market high index value. When looking at the 20 city composite as a whole, the latest index reading is 203.5 and represents an average 1.5% decline in home values nationwide from the peak.

Case-Shiller Home Price Index for Portland Oregon-November 2017

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Portland Real Estate Listings

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

Categories: Market Statistics

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