Today’s Case Schiller Report has Portland up .3% between April and March (click on the image to enlarge). One month of positive after months of decline doesn’t give us much to sink out teeth into. It could be caused by an actual improvement, a seasonal up tick, or any number of other factors. Only time will tell if we are looking at the bottom or not.
Using data from the June Report, I compared the Portland Housing Market to the 20 City Composite Index. Both were added to Case Shiller’s tracking in 2000. I think it is interesting that the two have come back together but I don’t have any conclusion as to what that means. Both started with an index of 100 1/2000. Portland is now 174.87 (high of 186.51 July 2007) and the Index is 169.85 (high of 206.52 July 2006).