by Matthew Kish, Portland Business Journal
Portland home prices in October were down 4.7 percent since the same time last year, according to Standard & Poor’s Case-Shiller Home Price data released Tuesday. Portland home prices were also 0.5 percent lower than in September.
Case-Shiller tracks monthly home prices in 20 markets.
Annual home prices improved in 14 of the markets, including Portland. Last month’s data showed Portland home prices were down 5.7 percent in the past year.
Nationally, annual home prices were down 3 percent and 3.4 percent, respectively, for the 10- and 20-city composite indexes. For the month, the 10- and 20-city composite indexes were down 1.1 percent and 1.2 percent, respectively.
The index is based on a base value of 100 in January 2000.
Portland has an index value of 135.44. That means a typical Portland home has appreciated in value 35.4 percent since January 2000.
