Case Shiller Home Price Index: Portland UP Second Month in a Row.

The June 2009 Case Shiller home price index data was released today.

For the Portland metro area:

• For the second month in a row the Portland index INCREASED, this time by 1%; the annual index remains down, 15.2% below June 2008.
• Portland's monthly change ranking also INCREASED by 1 notch, returning to the same place it held in April (13th) (As recently as January Portland had ranked 6th best in the rate of monthly decline). I show EVERY area except Las Vegas and Detroit with a monthly index increase.
• Portland's year to year change ranking remained at 9th best in June.
• Portland has out performed Seattle over the last year; Seattle month to month change was 0.4% and their yearly change was -16.1% vs 1% and -15.2% for Portland.
• The Portland index is down 20.4% from it's record high of July 2007.

I have updated my monthly tables showing Portland and other metro data and rankings HERE.

The national release HERE notes:

"The U.S. National Composite rose in the 2nd quarter compared to the 1st quarter of 2009. This is the first time we have seen a positive quarter-over-quarter
increases in three years. Both the 10-City and 20-City Composites posted monthly increases.."

Originally created and posted on the Oregon Housing Blog.