The strong demand for homes in Portland continues to drive prices up. The S&P/Case-Shiller index of property values in 20 US cities shows an increase at an average of 5.8 percent in the last year, while home values in Portland increased 11.1 percent, almost double the national average!
We set a record in December for the most homes sold in a month in Portland since 1992, further shrinking inventory, which is now down to 1.2 months. That is the lowest inventory number recorded since 1999!
Here I am presenting this information to a large group of realtors, and explaining what the Case-Shiller numbers mean. If you want to dig in more, check out the link below: