(as reported monthly by Standard and Poors and the Wall Street Journal)
What's been happening with home prices in the Portland, OR region in the last five years? That is up to and including October, 2009?
Here's my graph of the Case-Shiller Index data for that period:
Remember that a value of 100 on this index is equal to the level of home prices in January, 2000.
How does that obvious boom-and-bust five-year cycle compare to prices over the long run in the Portland, OR area?
Here's the same chart back through 1987:
Recent months appear to have returned Portland prices to the long term trend line. This chart shows just what a departure from reality the boom and bust really were.
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Jim Hale
Principal Broker
Graduate, REALTOR Institute e-PRO
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
www.actionagents.net jim@actionagents.net
© 2009 All Rights Reserved
***********************
Jim Hale
Principal Broker / Owner
Graduate, REALTOR Institute e-PRO
2012 Member, Million Dollar Club of Lane County
2012 Member, Real Estate Brokers Million Dollar Club
actionagents.net
1715 Linnea Avenue
Eugene, OR 97401-1962
Office: 541-484-0219
Direct: 541-543-9991
Fax: 541-485-8068
Eugene Oregon Homes / Real Estate jim@actionagents.net
All statistical market data is based on information from the RMLS of Oregon for the dates indicated.
© 2012 All Rights Reserved / Licensed in the State of OREGON
