Portland Home Prices: Largest Increase in the Country

Standard & Poor’s/Case-Shiller most recent (November 2015) 20-city home price index was released yesterday. Across those 20 cities, home prices rose 5.8% over last year, but Portland prices rose 11.1%; the highest out of the 20 major metropolitan areas included in the study, and just edging out San Francisco.

Top 5 Cities: Year over Year Price Increase:

  • Portland: 11.1%
  • San Francisco: 11.0%
  • Denver: 10.9%
  • Seattle: 9.7%
  • Dallas: 9.4%

Across the country, home values have almost fully returned to their 2006 peak. Portland is one of four metro areas that have either met or surpassed their all-time highs, including Dallas, Denver, and San Francisco. The combination of more buyers entering the market due to better economic conditions and a lower number of available listings (down 3.8% from this time last year) is driving prices up across the country.

Read More:
OregonLive.comPortland has nation’s highest year-over-year home price increases

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