The Case Shiller index of home prices shows Portland up 8.53% over the past year, and 1.32% in the last month. Nationally, prices rose just 4.59% on average.
Winter of 2015 expect to see prices slide as they typically do in the winter and fall. Due to robust buyer demand, inventory is expected to stay firmly in Seller’s Market territory of less than 2 months.
The Standard & Poor’s Case Shiller Home Price Index tracks repeat-sales of the same houses over time in 20 different cities. These indices are calculated and kept monthly by Standard and Poor, with data points calculated for the time period of January 1987 through the present.