This latest data represents a new all-time high for prices in the Portland metro area. Prices have increased 82.5% 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 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 21% and 19% respectively. When looking at the 20 city composite as a whole, the latest index reading is 213.8 and represents a new peak in average home values nationwide.

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