Distressed property listings drove March home values down in the Portland-Vancouver metro area, where prices fell 0.7 percent compared with the same month last year, California-based CoreLogic reported Tuesday.
Without the distressed sales, year-over-year prices in the metro area increased by 0.4 percent in March. The local figures are comparable with a national decline of 0.6 percent in March home values, compared with March 2011.
Home prices in Washington, including distressed sales, declined 2.3 percent, CoreLogic reported. In Oregon, home values were down by 1.2 percent for all single-family homes sold.