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Tuesday, March 19, 2024
March 19, 2024

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Vancouver-Portland region leads country in increase in home prices

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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.

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