In what seems like a sea of bad real estate and economic news, the Case Shiller Index reports for the third consecutive month slight increases in the Portland real estate market, mirroring the national indexes. The report, which lags 60 days and uses the seven county Portland MSA to define “Portland,” shows that housing prices are at June 2005 levels. Pricing has been essentially flat since February 2009, never dropping below 146 or hitting 151. The current 148.73 shows signs that pricing is holding its ground.
One Comment on “Portland Case Shiller June 2010 Shows Increase”
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Although it might not seem like good news, that flat pricing levels are most likely a good sign that things are starting to turn around. Hey, at least you are not in Vegas!