Portland, OR - House Price Index (HPI)
Portland Real Estate Market - Home Price Forecast (OR)
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.  Real estate forecasts,
analysis, statistics and appreciation rates are provided below.
Portland Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  27861
3rd Quarter, 2017 Housing Statistics: Portland, Oregon


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

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 2018 is UP. The Accuracy of the Trend
Projection for Portland is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Portland is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2018 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      76%

The forecast for the trend in the Portland housing market for the 3 years ending
with the 3rd Quarter of 2020 is UP. The Accuracy of the Trend Prediction for
Portland is 76%. In other words, when tested against historical data, the
forecasting methodology was correct 76% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Portland is 76% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2020 than they were in the 3rd
Quarter of 2017. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2017 Housing Data: Portland, Oregon


Historical Home Price Appreciation
Last Quarter                         1.99%
Last Year                              9.8%
Last 5 Years                         64%
Last 10 Years                       27%
Last 20 Years                       149%



Annual Home Price Appreciation Rates
1987      1.04%
1988      5.46%
1989      9.29%
1990      16.57%
1991      8.82%
1992      7.56%
1993      8.03%
1994      9.98%
1995      9.48%
1996      7.30%
1997      6.99%
1998      4.61%
1999      1.50%
2000      3.28%
2001      5.33%
2002      4.37%
2003      5.50%
2004      10.57%
2005      20.08%
2006      12.83%
2007      2.66%
2008      -7.28%
2009      -9.13%
2010      -4.21%
2011      -4.98%
2012      2.04%
2013      9.66%
2014      8.85%
2015      12.09%
2016      11.71%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.99%         Rank: 141 of 381 (63rd Percentile)
Last Year  . . . . . . . . . . . . . . . .  9.8%          Rank: 49 of 381 (87th Percentile)
Last 5 Years                              64%            Rank: 28 of 381 (92nd Percentile)
Last 10 Years  . . . . . . . . . . . .   27%            Rank: 34 of 381 (91st Percentile)
Last 20 Years                            149%          Rank: 36 of 379 (90th Percentile)


The change in home prices for Portland-Vancouver-Hillsboro, OR-WA are
shown above for five time periods. For example: Portland appreciated 1.99% 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, 2017 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 304.5 in the 3rd Quarter, of 2017.  The Home Price Index
indicates that the Portland Market is up 27% over the last 10 years. Home
prices in the Portland Real Estate Market have gained 9.80% over the last 12
months. Over the last thirty years, it is up 477%.

The 3rd Quarter index value was 5.93 points higher than the 2nd Quarter, 2017
index value of 298.54, resulting in a 1.99% rise in the 3rd Quarter for the
Portland Market.

The Portland Home Price Index has increased for the last 21 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 25 consecutive quarters. The current record holder for consecutive
declines in the Home Price Index is Carbondale, IL, with declines in the last 3
consecutive quarters.

The highest annual change in the value of houses in the Portland Real Estate
Market was 22% 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, 2017 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 2017, Portland Home Prices had a rank of 141, with
appreciation of 1.99%. The top performing real estate market during the 3rd
Quarter was Pine Bluff, AR, with a rise of 7.86%. The worst market during that
period was Weirton, OH, with appreciation of -9.33%.
The median for all cities during the 3rd Quarter was 1.52%. The average for all
markets during the quarter was 1.39%.

Last Year:
During the last 12 months, Portland Home Prices had a rank of 49, with
appreciation during the year of 9.80%. The top performing market during the
last year was Seattle, WA, with an increase of 14.2%. The worst real estate
market during that period was Lawton, OK, with appreciation of -7.3%.
The median for all markets during this period was 5.41%. The average was
5.42%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2017, Portland Home Prices
ranked 28, with a total appreciation of 64.2%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 95%.
The worst market during that period was Lawton, OK, with appreciation of -7%.
The median for all cities during this time period was 20%. The average over the
5 years was 26%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2017, Portland Home Prices
had a rank of 34, with appreciation during the decade of 27%. The top
performing market during the period was Denver, CO, with a rise of 63%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -28%.
The median for all markets during the last 10 years was 5%. The average for
the cities over that time frame was 7%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2017, Portland Home Prices
had a rank of 36, with total growth over the 20 year period of 149%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 283%. The worst market during the last 20 years was Mansfield,
OH, with appreciation of 20%.
The median for all cities during the last 20 years was 80%. The average for the
markets over that time frame was 89%.

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.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Monday, January 29, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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