Portland Home Appreciation Leads Nation

Portland Metro (including Vancouver) leads the nation in price inflation over the past year.   The Case Shiller Repeat Sales Index shows that Portland house prices have appreciated 12.5% over the past year.  Only Seattle and Denver come close to this rate of price increase.


Top Cities
Annual Increase
Portland
12.30%
Seattle
10.80%
Denver
10.00%
San Francisco
8.50%
Dallas
8.50%
Tampa
7.60%
US National
5.20%

According to Case Shiller, houses in the Low Tier (<$270,000) appreciated at a rate of 15.5% for the year ending in March.  While the high tier (> $381,000) appreciated at a pedestrian rate of 10%.

According to RMLS, the average home sale price in Clark County (this is an entirely different metric than used by Case Shiller) increased by 15% over the same period.





MOM
YOY
From Trough
Case Shiller Low
2.8%
15.5%
74.3%
Case Shiller Medium
1.7%
13.2%
56.9%
Case Shiller High
1.2%
10.0%
41.2%
Case Shiller Aggregate
1.5%
12.3%
51.4%
Clark County (RMLS)
2.8%
15.0%
72.0%

 FULL RECOVERY
The local housing market has completely recovered from the 2007 bubble burst and subsequent price collapse.  Case Shiller reports that homes priced in the low tier have appreciated 74.5% since bottoming out just over four years ago.

Similarly, RMLS reports a 72% increase in the average sale price in Clark County over the same period.

The chart below shows that all tiers of the the Portland Metro housing market has achieved new record price levels.  The Clark County Market in general is best represented by the Low Tier of Portland Metro.




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