Case Shiller Index for Portland Decreases, Again.

National PR is HERE:

..annual growth rates in 16 of the 20 MSAs and the 10- and 20-City Composites slowed in July compared to June 2010. The 10-City Composite is up 4.1% and the 20-City Composite is up 3.2% from where they were in July 2009. For June they were reported as +5.0% and +4.2%, respectively. Although home prices increased in most markets in July versus June, 15 MSAs and both Composites saw these monthly rates moderate in July

Portland: Both Annual and Monthly Changes are Negative, Again.
The Portland index value of 148.33 for July is a 1.2% decrease from the July 2009 index value of 150.06. This is a reversal from the year to year increases in May and June, and the 5th month this year that the year to year change was negative.

The Portland July index value was a .3% decrease from June, reversing monthly increases of .51% in June, 1.18% in May, and 1.84% in April.

As of July 2010 the Portland home price index had declined 20.1% from the July 2007 peak, but was up 3.3% from the March 2010 low.

Table below shows Portland changes by month for last year:

Month	Index	Change From July 2007 Peak	Change Prior Month	Change Prior Year	Change March 2010 Low
July 2010	148.33	-20.1%	-0.3%	-1.2%	3.3%
June 2010	148.73	-20.26%	0.51%	0.18%	3.6%
May 2010	147.98	-20.7%	1.2%	0.69%	3.0%
April 2010	146.25	-21.6%	1.8%	-0.4%	1.8%
March 2010	143.61	-23.0%	-0.1%	-2.8%	0.0%
February 2010	143.69	-23.0%	-2.4%	-4.8%	0.1%
January 2010	147.29	-21.0%	-1.8%	-4.2%	2.6%
December 2009	149.95	-19.6%	-0.3%	-5.4%	4.4%
November 2009	150.38	-19.4%	0.3%	-7.5%	4.7%
October 2009	149.88	-19.6%	0.1%	-9.9%	4.4%
September 2009	149.72	-19.7%	-0.5%	-11.8%	4.3%
August 2009	150.46	-19.3%	0.3%	-12.5%	4.8%
July 2009	150.06	-19.5%	1.1%	-13.9%	4.5%

Originally created and posted on the Oregon Housing Blog.