for homes for sale in
Eugene, Springfield and Lane County, OR.
We've read about declining inventories and stabilizing home prices in many parts of the country -- as evidenced by information posted on
The first reliable and positive national numbers appeared
three months ago when
the Case-Shiller Index
(as reported by Standard and Poors and the Wall Street Journal)
for May showed that Index's first month-on-month increases in nearly three years.
The Case-Shiller report for June and July continued and amplified
that trend.
Now, the Index for the month of
(reported on October 27) is again positive.
of the same homes.
It's not a statistical median (half above/half below).
It compares prices paid for individual homes turning over
during the reporting period.
a score of 100 represents the level of home prices
in the year 2000.
Unfortunately, the Case-Shiller Index is compiled for only 20 American metropolitan areas as shown on the chart below.
The metro areas have been ranked below in descending order
by the percentage change in price
during the twelve months ending in August, 2009.
Only three cities among the Case-Shiller twenty failed to see
an increase in prices during August:
Cleveland (down 0.5%), Charlotte (down 0.4%)
and Las Vegas (down 0.3%)
The uptick form May to August means that
the market is taking back
a fraction of the loss in value experienced by U.S. homes for sale
Portland, OR.
Portland's Index score reached it's highest point in July, 2007.
That month the Portland score was 186.51 -- meaning
prices in that metro area were
86.51 % higher
than in January, 2000.
for August, 2009
| Case-Shiller Index City |
Index Value August, 2009 |
Change From July, 2009 |
Change for year ending in August, 2009 |
| Dallas |
121.44 | + 0.2% |
- 1.2% |
| Denver |
130.07 |
+ 1.0% |
- 1.9% |
| Cleveland |
107.42 |
-0.5% |
- 2.8% |
| Boston |
155.95 | + 0.9% |
- 4.2% |
| Washington |
178.84 |
+1.4% |
- 7.9% |
| Charlotte |
120.72 | -0.4% |
- 8.6% |
| San Diego |
153.34 |
+1.6% | - 8.9% |
| New York |
174.89 |
+ 0.5% |
- 9.6% |
| Atlanta | 111.19 |
+ 1.0% |
-10.6% |
| Los Angeles | 166.52 |
+ 1.6% |
- 12.0% |
| San Francisco | 132.47 |
+ 2.8% |
-12.5% |
| Portland, OR |
150.46 |
+ 0.3% |
- 12.5% |
| Chicago |
130.55 |
+ 1.7% |
- 12.7% |
| Minneapolis | 122.66 |
+ 3.2% |
- 13.7% |
| Seattle |
149.54 | + 0.1% |
- 14.7% |
| Tampa |
143.43 |
+ 0.4% |
- 17.7% |
| Miami |
148.91 |
+ 1.1% |
- 18.8% |
| Detroit |
71.59 |
+ 1.9% |
- 22.6% |
| Phoenix |
108.41 |
+ 1.6% |
- 25.1% |
| Las Vegas |
105.78 |
- 0.3% |
- 29.9% |
***********************
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
