Real Estate values in Portland are now equivalent to March 2006 levels.
Nationally, Case Shiller reports a 17.5% drop over one year. If you are really into these types of numbers, you might like to peruse the Case Shiller web page located here.
Tuesday, November 25, 2008
Portland real estate values still retreating
Case Shiller released their most current index numbers today. We like this index because it reflects the value change of actual homes. CS compares a home's recent sales price to the it's previous purchase price. Based on this information, the Portland area logged an annual decline of 8.6% over the past one year period and a 6.6 % decline over a two year period.
Real Estate values in Portland are now equivalent to March 2006 levels.
Nationally, Case Shiller reports a 17.5% drop over one year. If you are really into these types of numbers, you might like to peruse the Case Shiller web page located here.
Real Estate values in Portland are now equivalent to March 2006 levels.
Nationally, Case Shiller reports a 17.5% drop over one year. If you are really into these types of numbers, you might like to peruse the Case Shiller web page located here.
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