The Portland-Vancouver region again led the nation in home price increases in the widely cited Standard & Poor’s Case-Shiller home price, based on data for March that was released Tuesday.
The market saw home price increases of 12.3 percent year-over-year for March, far higher than the 5.4 percent increase for a composite of 20 cities, including Portland, in the index. It was the sixth straight month that the Portland region’s growth rate topped the index.
In addition to Portland, Seattle posted a 10.8 percent increase and Denver saw a 10 percent in home prices.
The three cities, the only regions with double-digit annual increases, also saw some of the largest declines in unemployment rates among the 20 cities in the index, Case-Shiller reported.
Nationally, the 5 percent year-over-year increase has held steady since the start of 2015, David M. Blitzer, chairman of the index committee, said in a news release.