Posted on June 26, 2012
The April 2012 Case Shiller report was released today and Portland reported its first gain in seven months. The current Portland index is 131.62. That’s 31.62 points above the reset point at 100 in January 2000 but well off the index high of 186.51 in July of 2007. The index has lost .9% over the last year. Today’s index is almost the same as August 2004 pricing.
The Case Shiller Index is released the last Tuesday of each month and lags 60 days. “Portland” is defined as the seven county MSA which includes Multnomah, Washington, Clackamas, Columbia, Yamhill, Clark and Skamania counties. RMLS Market Action lags 15 days and uses a five county area to define its “Portland Metro.”