In August 2007, the Case Shiller Index for Portland was 186.0. The August 2008 Case Shiller Index released today is 171.93, down 7.5% (wish I could say the same for my 401k). Ugly but not as ugly as the national picture:
WASHINGTON (Thomson Financial) – Home prices in major US cities posted record year-over-year declines in August, providing more evidence that prices may not have bottomed out yet.
The S&P/Case-Shiller 20-City Home Price Index released today fell for the 15th consecutive month in August, and the index is now down a record 16.6% from a year earlier. That year-over-year decline is in line with expectations from economists, many of whom were anticipating a record annual decline.