Tuesday, April 28, 2009

Portland Case Shiller Index Shows Some Monthly Improvement, But It's From Record Decline in January.

The Feb. Case-Shiller metro monthly price data was released today, HERE.

In the updated monthly comparison for Portland I prepared HERE, the year to year decline continues to set records, reaching 14.4%

However, the monthly decline moderated from the 3% record of last month to 1.9% in February.(The Portland index is now down 19.1% from it's record high of July 2007).

Portland's metro ranking for year to year change remained at 7th (best). However,while the rate of Portland's monthly decline improved, other metro areas improved more so that Portland's ranking on monthly change dropped from 6th to 8th.

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