The S&P/Case-Shiller April 2008 metro home price data was released Tuesday morning. My calculations for the Portland Metro area:
- YEAR TO YEAR (April 07-April 08): The Portland metro index decreased from 183.53 to 174.82, a 4.7% decrease.
- MONTH to MONTH (March 08-April 08): The Portland metro index INCREASED from 174.39 to 174.82 a .3% INCREASE.This is the first month to month increase in 9 months.
- DECLINE FROM JULY 07 PEAK: The peak index month was July 07 at 186.51; the decline since then has been 6.2%%.
- The PDF of the Case-Shiller national press release notes for April SHOULD BE HERE; the Excel file with April data for all metro areas IS HERE. (As of 9:45 AM (east coast time), 45 minutes after scheduled posting time, the link to the national release was still not valid so it is not possible for me to confirm by looking at it how many other metro areas may have had a monthly increases. Calculating from the Excel spreadsheet it appears to me that Portland was one of eight areas with a monthly index increase. All of this makes me wonder if there was an error in either the spreadsheet or the press release).
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