The S&P/Case-Shiller index of property values in 20 cities rose 9.3 percent in February from the same month a year earlier, Bloomberg News reported Tuesday. The Portland-Vancouver area slightly exceeded that average, with a 9.4 percent increase.
On a one-month measure, the home prices in the index, adjusted for seasonal variations, rose 1.2 percent in February after climbing 1 percent in January. Prices in the Portland-Vancouver area were up by 1.4 percent in February from the previous month. Las Vegas showed the biggest adjusted monthly increase, with prices climbing 2 percent.
The Case-Shiller index is based on a three- month average, which means the February figure was influenced by transactions in January and December.