National PR is HERE:
In November, only four MSAs – Los Angeles, San Diego, San Francisco and Washington DC – showed year-over-year gains. The Composite indices remain above their spring 2009 lows; however, eight markets – Atlanta, Charlotte, Detroit, Las Vegas, Miami, Portland , Seattle and Tampa – hit their lowest levels since home prices peaked in 2006 and 2007, meaning that average home prices in those markets have fallen even further than the lows set in the spring of 2009
Portland: Annual and Monthly Changes Continue Negative; Index Continues to Plummet to a New 2010 Low, Reaching March 2005 Levels.
Annual: The Portland index value of 142.16 for November is a 7 % decrease from November 2009. This follows a 5.2% annual decrease in October , a 3.6% annual decrease from the September 2009 index value, a 2.3 % decrease from the August 2009 index value, and a 1.2% annual decline from July 2009.
Monthly: The Portland November index shows a 1.58% decrease from October. This follows a 1.48% decrease from September and a 1.85% decrease from August.
Historical: As of November 2010 the Portland home price index had declined 24.7 % from the July 2007 peak. It is now 2.6% BELOW the previous 2010 low in March and down 5% since January, 2010. The most recent time the Portland CS index was below the current 139.92 was in March of 2005 when the index value was 138.3.
Table below shows Portland changes by month for last year:
| Month | CS Index | Change From July 2007 Peak | Change Prior Month | Change Prior Year | Change March 2010 Low |
| November 2010 | 139.92 | -24.7% | -1.58% | -7.0% | -2.6% |
| October 2010 | 142.16 | -23.5% | -1.48% | -5.2% | -1.0% |
| September 2010 | 144.30 | -22.3% | -1.85% | -3.6% | 0.5% |
| August 2010 | 147.02 | -20.9% | -0.88% | -2.3% | 2.4% |
| July 2010 | 148.33 | -20.1% | -0.27% | -1.2% | 3.3% |
| June 2010 | 148.73 | -20.3% | 0.51% | 0.2% | 3.6% |
| May 2010 | 147.98 | -20.7% | 1.18% | 0.69% | 3.0% |
| April 2010 | 146.25 | -21.6% | 1.84% | -0.4% | 1.8% |
| March 2010 | 143.61 | -23.0% | -0.06% | -2.8% | 0.0% |
| February 2010 | 143.69 | -23.0% | -2.44% | -4.8% | 0.1% |
| January 2010 | 147.29 | -21.0% | -1.77% | -4.2% | 2.6% |
| December 2009 | 149.95 | -19.6% | -0.29% | -5.4% | 4.4% |
| November 2009 | 150.38 | -19.4% | 0.33% | -7.5% | 4.7% |
Originally created and posted on the Oregon Housing Blog.
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