The Case Shiller Index is released on the last Tuesday of each month (tomorrow). The Index has a three month lag; tomorrow’s report will tell us about September. RMLS Market Action comes out midway through the following month; we already have data through October. Without a massive amount of statistics, does RMLS Market Data predict what the Case Shiller Index for the Portland real estate market look like? I don’t think so.
The graph ab0ve with inventory levels makes the average sales price and Case Shiller Index (for Portland) hard to discern so the graph below removes inventory but is the same otherwise.