Portland’s Case Shiller Index for June 2011 is up two one hundredths from May. The change, while nonexistent for all intensive purposes, marks the third consecutive month of increases in the Index. The last time there were three consecutive months was the same period last year. Last year’s increases were then followed by nine months of straight decline until this recent run. During the 2010 run, the Index gained 5.12 points. During the same period this year it gained 1.85 points. Today’s 132.67 is 14 points below June 2010. Today’s index matches September 2004’s.
The seasonally adjusted index is actually down a point from May. Case Shiller reports come out the last Tuesday of the month reporting two months prior.
Portland Case Shiller June 2011 | Presented by the Turner Realtors Team