Portland Market Keeps Its Head Above Water
…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.
Technorati Tags: Portland, Oregon, homes, house, real estate, prices, sales, Case Shiller, index
Photo by nature.net, used under Creative Commons license.
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2 comments January 29th, 2008
