Wednesday, June 27, 2012

Case Shiller: Portland Real Estate Prices Up 2 Percent In April ? OPB ...

Rebecca Roberts Galloway | June 26, 2012 7:21 a.m. | Updated: June 26, 2012 8:09 a.m. | Portland, OR

April's home prices in Portland were up by 2 percent, according to the latest numbers from the Case Shiller Index.?

Portland prices were down .09 percent from a year ago.

Last month, Portland saw a?price drop of 2.8 percent, a new low for the city and perhaps a sign the market had "bottomed out."

Case Shiller is a monthly report on real estate markets around the country.?

None of the cities in the report showed new lows for April.

Prices rose around the country by 1.3 percent in the 10 and 20 composite city indexes, reversing seven consecutive months of declines, according to the report.

Though prices continue dropping, the April report is seen as positive news because numbers are dropping at a slower pace in April than March, the report said.

Ten of 20 markets showed positive annual returns. They were Boston, Charlotte, Dallas, Denver, Detroit, Miami, Minneapolis, Phoenix, Tampa and Washington D.C. Only New York and Detroit fared worse in April.

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