A year ago the average price appreciation in the Portland metro area was 4.8% and it slowed to the mid 2’s for most of 2019.  This is close to what’s happened nationally over the same time frame although Portland has had a little higher growth in the 2nd half of this year. 

Looking at the other markets tracked by the index, Las Vegas NV and Phoenix AZ continue to have the largest declines off their respective market peaks of 17% and 13% respectively. When looking at the 20 city composite as a whole, the latest index reading is 218.4 which is an increase of 2.2% over the prior year.

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