Tuesday, September 27, 2011

Portland Case Shiller Index Records 4th Straight Monthly Increase.

The new Case-Shiller data for July 2011 press release is HERE. From the national release:
Seventeen of the 20 MSAs and both Composites posted positive monthly increases; Las Vegas and Phoenix were down over the month and Denver was unchanged. On an annual basis, Detroit and Washington DC were the two MSA that posted positive rates of change, up 1.2% and 0.3%, respectively. The remaining 18 MSAs and the 10- and 20- City Composites were down in July 2011 versus the same month last year. After three consecutive double-digit annual declines, Minneapolis improved marginally to a decline of 9.1%, which is still the worst of the 20 cities.
I have pasted below the Portland metro data for the last 13 months. While the index is down annually 8.45% from July 2010, and 7.8% from January 2010, the .95% monthly increase is the fourth straight monthly increase, following nine consecutive months of decreases over the last 13 months. 

The table shows that Portland metro CS index is 30.78% higher than in December 2000.  The high (?) point was four years ago, in July of 2007, when the CS index for Portland was 79.61% higher than in December of 2000. 

Originally created and posted on the Oregon Housing Blog.

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