This latest data represents a slight decline from the all-time high for prices in the Portland metro area established last month. Prices have increased 82.4% since the bottom of the local housing market in March 2012.  That equates to about a 9.8% increase per year on average over the last 6+ years. See the chart below which illustrates what has happened.

Looking at the other markets tracked by the index, Las Vegas NV and Phoenix AZ continue to have the largest declines off their market peaks of 20% and 19% respectively. When looking at the 20 city composite as a whole, the latest index reading is 213.7 which is essentially unchanged from the prior month.

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