Case Shiller Data for March Shows Portland Home Price Index Continued Decline to New Low; Pace of Decline Slowed.

National PR is HERE:

"13 of the 20 metro areas showed a decline in March compared to February...Eight MSAs posted new index lows in March – Atlanta, Charlotte, Chicago, Detroit, Las Vegas, New York, Portland and Tampa."

For Portland, the .1% monthly reduction is improvement over much larger 2.4% monthly reduction in February, and 2.8% year to year reduction is also better than 4.8% year to year decline from last month. 

As of March 2010 Portland home price index has declined 22.7% from June 2007 peak.

Table below shows Portland changes for last year:

Month	Index	Change Since Peak	Change Prior Month	Change Prior Year
March 2010	143.61	-22.7%	-0.1%	-2.8%
February 2010	143.69	-22.6%	-2.4%	-4.8%
January 2010	147.29	-20.7%	-1.8%	-4.2%
December 2009	149.95	-19.3%	-0.3%	-5.4%
November 2009	150.38	-19.0%	0.3%	-7.5%
October 2009	149.88	-19.3%	0.1%	-9.9%
September 2009	149.72	-19.4%	-0.5%	-11.8%
August 2009	150.46	-19.0%	0.3%	-12.5%
July 2009	150.06	-19.2%	1.1%	-13.9%
June 2009	148.47	-20.1%	1.0%	-15.2%
May 2009	146.97	-20.9%	0.1%	-16.3%
April 2009	146.85	-20.9%	-0.6%	-16.0%
March 2009	147.68	-20.5%	-2.1%	-15.3%

Originally created and posted on the Oregon Housing Blog.