Portland, OR - House Price Index (HPI)
Portland Real Estate Market - Home Price Forecast (OR)
100
1000
The House Price Index (HPI) shows changes in Portland-Vancouver-Hillsboro, OR-WA single family
home prices in
logarithmic scale. The March, 1995 index value equals 100.  Updated Friday, July 17,
2015. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
10
Portland Real Estate Market: Trend Outlook, Analysis & Statistics
Commentary  18717
3rd Quarter, 2014 Housing Statistics: Portland, Oregon


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      82%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Portland housing market for the 12
months ending with the 3rd Quarter of 2015 is UP. The Accuracy of the Trend
Projection for Portland is 82%. In other words, when tested against historical
data, the forecasting methodology was correct 82% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Portland is 82% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2015 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Portland housing market for the 3 years ending
with the 3rd Quarter of 2017 is UP. The Accuracy of the Trend Prediction for
Portland is 78%. In other words, when tested against historical data, the
forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Portland is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2017 than they were in the 3rd
Quarter of 2014. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2014 Housing Data: Portland, Oregon


Historical Home Price Appreciation
Last Quarter                         1.89%
Last Year                              9.1%
Last 5 Years                         9%
Last 10 Years                       33%
Last 20 Years                       133%
Decline From All Time High   6.81%


Annual Home Price Appreciation Rates
1984      5.08%
1985      -2.23%
1986      1.19%
1987      0.92%
1988      5.56%
1989      9.33%
1990      16.52%
1991      8.84%
1992      7.57%
1993      8.02%
1994      9.99%
1995      9.48%
1996      7.31%
1997      7.01%
1998      4.61%
1999      1.53%
2000      3.29%
2001      5.32%
2002      4.36%
2003      5.52%
2004      10.55%
2005      20.11%
2006      12.80%
2007      2.72%
2008      -7.24%
2009      -9.20%
2010      -4.11%
2011      -4.76%
2012      2.26%
2013      10.09%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.89%         Rank: 141 of 381 (63rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.1%           Rank: 62 of 381 (83rd Percentile)
Last 5 Years                              9%              Rank: 79 of 381 (79th Percentile)
Last 10 Years  . . . . . . . . . . . .   33%            Rank: 28 of 381 (92nd Percentile)
Last 20 Years                            133%          Rank: 31 of 378 (92nd Percentile)
Decline From All Time High        6.81%

The change in home prices for Portland-Vancouver-Hillsboro, OR-WA are
shown above for five time periods. For example: Portland appreciated 1.89% in
the Last Quarter. At that rate, the Portland Real Estate Market was ranked
141st out of 381 metropolitan Real Estate Markets. Portland was in the 63rd
percentile. So Portland, OR performed better in the Last Quarter than 63% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2014 Housing Statistics: Portland, Oregon

The data and analysis on this page pertains to Portland-Vancouver-Hillsboro,
OR-WA, hereinafter referred to as "Portland". The all time high in the Portland
Home Price Index was 241.7 in the 4th Quarter, of 2007. The 3rd Quarter, 2014
index value was 225.2. That's a decline of 16.47 points or 6.81% below the
Portland Home Price Index all time high.  The Home Price Index indicates that
the Portland Market is up 33% over the last 10 years. Home prices in the
Portland Real Estate Market have gained 9.06% over the last 12 months. Over
the last thirty years, it is up 343%.

The 3rd Quarter index value was 4.17 points higher than the 2nd Quarter, 2014
index value of 221.06, resulting in a 1.89% rise in the 3rd Quarter for the
Portland Market.

The Portland Home Price Index has increased for the last 9 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Phoenix, AZ; Houston, TX and Boise City, ID, with increases in
the last 13 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Terre Haute, IN, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Portland Real Estate
Market was 23% in the twelve months ended with the 2nd Quarter of 1978. The
worst annual change in home values  in the Portland Market was -11% in the
twelve months ended with the 3rd Quarter of 1981.

The highest growth in home values in the Portland Real Estate Market over a
three year period was 71% in the three years ended with the 2nd Quarter of
1979. The worst performance over a three year period in the Portland Market
was -23% in the three years ended with the 2nd Quarter of 2011.

This page provides a long term graph of the Portland Home Price Index
(above). For information about Oregon home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Portland Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Portland Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Portland Real Estate Market and hundreds of
other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2014 Housing Data: Portland, Oregon

The trend of Portland Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Portland-Vancouver-Hillsboro, OR-WA, hereinafter referred to as "Portland".

Last Quarter:
During the 3rd Quarter of 2014, Portland Home Prices had a rank of 141, with
appreciation of 1.89%. The top performing real estate market during the 3rd
Quarter was Johnstown, PA, with a rise of 7.10%. The worst market during that
period was Farmington, NM, with appreciation of -4.09%.
The median for all cities during the 3rd Quarter was 1.44%. The average for all
markets during the quarter was 1.49%.

Last Year:
During the last 12 months, Portland Home Prices had a rank of 62, with
appreciation during the year of 9.06%. The top performing market during the
last year was Madera, CA, with an increase of 19.4%. The worst real estate
market during that period was Jacksonville, NC, with appreciation of -4.5%.
The median for all markets during this period was 3.94%. The average was
4.71%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2014, Portland Home Prices
ranked 79, with a total appreciation of 9.3%. The top performing real estate
market during the 5 year period was Merced, CA, with a growth in value of 45%.
The worst market during that period was Ocala, FL, with appreciation of -16%.
The median for all cities during this time period was 1%. The average over the
5 years was 3%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2014, Portland Home Prices
had a rank of 28, with appreciation during the decade of 33%. The top
performing market during the period was Midland, TX, with a rise of 129%. The
worst real estate market during the 10 year time period was Las Vegas, NV, with
appreciation of -27%.
The median for all markets during the last 10 years was 10%. The average for
the cities over that time frame was 11%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2014, Portland Home Prices
had a rank of 31, with total growth over the 20 year period of 133%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 229%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 23%.
The median for all cities during the last 20 years was 75%. The average for the
markets over that time frame was 82%.

Historical research data on the Home Price Index for the Portland Real Estate
Market is available back to the 2nd Quarter, of 1976. All calculations are based
on the quarterly value of the House Price Index for Portland. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)





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