National release is HERE.
In the updated monthly comparison for Portland I prepared HERE, the year to year decline continues to set records, reaching 16%.
However, the monthly decline moderated from 2.1% in March to .6% in April. Despite the decreasing rate of monthly decline, Portland's ranking dropped from 11th to 13th (best) as other metro areas did even better than Portland in their rate of moderation of monthly decline. (In January Portland had ranked 6th best in the rate of monthly decline).
Portland's metro ranking for year to year change also dropped a notch to 8th (best).
The Portland index is now down 21.3.% from it's record high of July 2007.
ORIGINALLY CREATED AND POSTED ON THE OREGON HOUSING BLOG
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