I did a quick analysis that shows that
- The home price index (143.39) for the middle price tier for Portland metro homes ($207,926 - $311,708) is the highest of all price tiers AND has the highest year to year increase (6.5%).
- Homes in the lowest tier (prices less than $207,926) had the largest year to date increase at 10.7%.
- Homes in the highest price tier continue to drag down the overall index with lower year to year (7%) and year to date increases (2.7%).
Metric | Under $207,926 | $207926 - $311,708 | (Over $311,708) | Overall Market |
Index Value | 141.24 | 143.39 | 138.49 | 140.8 |
YTY Change | 10.7% | 9.7% | 7.0% | 8.3% |
YTD Change | 3.0% | 6.5% | 2.7% | 3.6% |
Originally created and posted on the Oregon Housing Blog.
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