I’m not sure I follow your question. If I throw out values below $170,000 and above $390,000 (outside the bulk of the bell curve), the January average was $280,500 and median was $270,000.

The previous range was $69,000 to $2.3M (Hayden Island). I can break this down to a specific neighborhood if that’s what you’re after (i.e. Grant Park, Piedmont, etc.)

I don’t know of anyone breaking down RMLS stats by zipcode, but Trulia.com does compile figures from public sources.

Here’s an example (for 97015):

http://www.trulia.com/real_estate/Clackamas-Oregon/

It’s not a dumb question at all.

The Milwaukie/Clackamas market area (as defined by the local multiple listing service) is heavily influenced by the activity in Happy Valley. That area was deemed a high-growth zone inside our urban growth boundary and construction has been hot and heavy for the past several years.

But builders overestimated demand and as the market slowed, an overhang of inventory resulted, which has hurt the resale prices of existing homes. Imagine trying to sell your 2-year old, 3,000 sq. ft. family home, when there is well over 18 months of similar inventory already on the market, much of it brand new.

Why is the Milwaukie/Clackamas area experiencing the only drop in housing prices in the Portland Metro?

Thanks!