...S&P/Case-Shiller1 Home Price Indices...showed a second consecutive month of increase in prices for the 10- and 20-City Composites. The 10- and 20-City Composites were up 1.1% and 1.0%, respectively, in May over April. Sixteen of the 20 MSAs and both Composites posted positive monthly increases; Detroit, Las Vegas and Tampa were down over the month and Phoenix was unchanged. On an annual basis, Washington DC was the only MSA with a positive rate of change, up 1.3%. The remaining 19 MSAs and the 10- and 20- City Composites were down in May 2011 versus the same month last year. Minneapolis fared the worst posting a double-digit decline of 11.7%.
I have pasted below the Portland metro data for the last 13 months. While the index is down annually 9.11% from May 2010, the 1.25% monthly increase is the largest since April 2010 which saw an monthly increase of 1.84%, and is the third largest monthly increase since the 1.44% increase in June 2006, nearly 5 Years ago.
Originally created and posted on the Oregon Housing Blog.