Portland Metro Case Shiller Drop Was 6.6% in Last Year.

The July 2008 Case Shiller home price index for Portland went down again from June 08.
Looked at annually the index decreased by 6.6% from July 07, the sixth straight month of year to year declines.

A summary of the July data:

1. YEAR TO YEAR (July 07-July 08): The Portland metro index decreased from 186.51 to 174.21, a 6.6% decrease.
2. MONTH to MONTH (June 08-July 08): The Portland metro index decreased from 175.03 174.21 a .5% decrease.(The month to month decrease was the 11th out of the last 12 months).
3. DECLINE FROM JULY 07 PEAK: The peak index month was July 07 at 186.51; the decline since then is now 6.6%.
4. The PDF of the Case-Shiller national press release for July is HERE.
5. In January, Portland had the 2nd. best year to year metro ranking; by July that ranking had slipped to 5th.(In July Seattle had a worse ranking than Portland, at 8th, with a 8.2% year to year drop)