Home prices in 20 major U.S. regions, including Portland-Vancouver, increased by 13.7 percent over the year period ending in November, according to the S&P/Case-Shiller Home Price Index, released Tuesday. The Portland-Vancouver area recorded a one-year increase of 12.5 percent.
On a monthly basis, prices in the 20-city index declined 0.1 percent. That drop followed nine consecutive months of gains. The Portland-Vancouver region’s prices dropped by 0.3 percent. Nine out of 20 cities in the index showed a one-month increase in prices; of those, all but Boston and Cleveland were in the Sun Belt.