The Case Shiller Index reports for May 2009 was released today. Portland gained .13 of a point. The important part of that, at least for those that want to see the market rebound, is that it was not a continuation of the downward trend we have started to expect. Seattle lost about half a point in the same period. Both the Composite 10 and Composite 20 also posted gains under a point.
The Porland index of 146.97 the same as it was in May/June 2005 . The Composite 20 index is at the level it was in April 2003.
Case Shiller reports are for the month two months prior and are released on the last Tuesday of the month. The next report will be released on August 25th.