Pic Worth 1,000 Words: Graph Shows 5 Year Case Shiller Peak Price Declines for All Areas.

In thinking about the just released Case Shiller October 2010 data it occurred to me that a graph showing the change in the index for all areas from the peak index value for each area might provide a good snapshot of the relative change in prices. 

So HERE is that one page graph. It shows :

• Portland's decline from it's peak in the last 5 years is 23.8%;
• Portland's decline is slightly more moderate than the 25.6% decline from Seattle's 5 year peak;
• Portland's decline is MUCH more moderate than the 57% decline in the 5 year peak for Las Vegas and the 53.4% decline from the 5 year peak in Phoenix. 

Whether this means that Portland is likely to see higher future declines to catch up with other areas is unknown.

Originally created and posted on the Oregon Housing Blog.