Case Shiller was released this morning for December 2008. Portland continued its decline to 158.5, down 13.1% from this time December 2007.  That’s down 15% from the peak in July of 2007.  The 158 figure drops Portland to September 2005 levels.  The Dow Jones closed yesterday at 1997 levels yesterday.

On a national basis Forbes reports:

The report’s 20-city home price index is down a record 18.5% in the 12 months ending December, and the 10-city index is down a record 19.2% over that same period. The 20-city index fell 2.5% in December from November, and the 10-city index fell 2.3% in December.

PORX is the Portland Index, CSXR is the 10 City Composite and SPCS20R is the 20 City Index.  Click on the chart for a larger image.