Tuesday, June 28, 2011

Case-Shiller Portland Monthly Home Price Index Inches Up for First Time in 11 Months.

The new Case-Shiller data for April 2011 press release is HERE. From the national release:
...[CS Indices] show a monthly increase in prices for the 10- and 20-City Composites for the first time in eight months. The 10- and 20-City Composites were up 0.8% and 0.7%, respectively, in April versus March. Both indices are lower than a year ago; the 10-City Composite fell 3.1% and the 20-City Composite is down 4.0% from April 2010 levels. Six of the 20 MSAs showed new index lows in April – Charlotte, Chicago, Detroit, Las Vegas, Miami and Tampa.Thirteen of the cities and both composites posted positive monthly changes.
I have pasted below the Portland metro data for the last 13 months (note that the last previous month that the Portland CS index went UP was in June of 2010)

Originally created and posted on the Oregon Housing Blog.

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