Housing data released Tuesday on 153 U.S. cities showed that home values shrank by 12.2 percent in the Portland-Vancouver area in this year’s third quarter ending Sept. 30.
The findings put the local market’s decline slightly higher than the national decline of 11 percent in the same period, according to the National Association of Realtors. The metro area’s third-quarter median home price – half sold for more, half for less – was $244,500, down from $278,600 last year, but down just 0.7 percent from the second quarter’s median price of $246,200.
