Portland Market Keeps Its Head Above Water

Drowning…for now. The rest of the nation….not so lucky.

According to today’s Case-Shiller Index release, Portland is only one of three markets in its 20-city index that showed 12-month positive growth in home prices.

At 1.3% growth, Portland joins Charlotte, NC (2.9%) and Seattle (1.8%) as the only shining spots nationally.

Miami, San Diego, Las Vegas, Detroit, and Phoenix have fared the worst in the past year, with a range of 13% to 15% decline in home values.

Pricing has flattened in the metro area, and S&P’s experts believe Portland will join the ranks of the declining values in the next few months. (January’s sales results from the multiple listing service should be out in a couple weeks.)

Grisly details at MSNBC.

Portland’s relative good news covered by Ryan Frank’s Front Porch blog coverage.

[tags] Portland, Oregon, homes, house, real estate, prices, sales, Case Shiller, index [/tags]

Photo by nature.net, used under Creative Commons license.

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January 29, 2008 · Filed Under Forecasts, National News

Comments

2 Responses to “Portland Market Keeps Its Head Above Water”

  1. Chris on January 29th, 2008 4:04 pm

    More interesting that 12 month average is themovement of the month to month from -0.3% to -0.8.

  2. george on February 5th, 2008 4:36 pm

    sure is spammy here in the comments!

    chris,

    month to month depreciation is pretty normal for the winter.

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