This months data shows about a 0.1% decline of the index in the Portland metro area from the recent peak in September 2017. Prices have increased 73.1% since the bottom of the local housing market in March 2012.  That equates to about a 10.0% increase per year on average over the last 5+ 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 27% and 24% respectively. When looking at the 20 city composite as a whole, the latest index reading is 204.45 and represents an average 1.0% decline in home values nationwide from the peak.

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