Posted on MSN, this list ranks 276 metro areas on their appriciation. Portland ranks 54th.

Rankings for house-price appreciation from the Office of Federal Housing Enterprise Oversight (OFHEO) were released March. 1. Rankings are listed by Metropolitan Statistical Areas (MSAs); some MSAs have been further divided into Metropolitan Statistical Area Divisions (MSADs).

OFHEO’s House Price Index is published on quarterly basis and tracks average house price changes in repeat sales or refinancings of the same single-family properties. OFHEO’s index is based on analysis of data obtained from Fannie Mae and Freddie Mac from more than 30 million repeat transactions over the last 30 years.

According RMLS, Portland’s appriciation was 14% for Multnomah Country in 2005 and average time on market was 44 days.