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  1239.56
1st Quarter, 2018 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 1st Quarter of 2019 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 1st Quarter of 2019 than they were in the 1st
Quarter of 2018. 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 1st Quarter of 2021 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 1st Quarter of 2021 than they were in the 1st
Quarter of 2018. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.




Part 2: MARKET SUMMARY
1st Quarter, 2018 Housing Data: Portland, Oregon


Historical Home Price Appreciation
Last Quarter                         1.46%
Last Year                              7.2%
Last 5 Years                         62%
Last 10 Years                       29%
Last 20 Years                       147%



Annual Home Price Appreciation Rates
1988      5.38%
1989      9.39%
1990      16.57%
1991      8.81%
1992      7.57%
1993      8.02%
1994      9.98%
1995      9.48%
1996      7.31%
1997      6.99%
1998      4.62%
1999      1.49%
2000      3.27%
2001      5.34%
2002      4.36%
2003      5.50%
2004      10.57%
2005      20.08%
2006      12.83%
2007      2.65%
2008      -7.29%
2009      -9.12%
2010      -4.22%
2011      -4.98%
2012      2.03%
2013      9.61%
2014      8.80%
2015      12.09%
2016      11.70%
2017      8.11%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              1.46%         Rank: 161 of 381 (57th Percentile)
Last Year  . . . . . . . . . . . . . . . .  7.2%           Rank: 129 of 381 (66th Percentile)
Last 5 Years                              62%            Rank: 34 of 381 (91st Percentile)
Last 10 Years  . . . . . . . . . . . .   29%            Rank: 31 of 381 (92nd Percentile)
Last 20 Years                            147%          Rank: 37 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 1.46% in
the Last Quarter. At that rate, the Portland Real Estate Market was ranked
161st out of 381 metropolitan Real Estate Markets. Portland was in the 57th
percentile. So Portland, OR performed better in the Last Quarter than 57% of
the 381 metropolitan areas covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
1st Quarter, 2018 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 309.3 in the 1st Quarter, of 2018.  The Home Price Index
indicates that the Portland Market is up 29% over the last 10 years. Home
prices in the Portland Real Estate Market have gained 7.22% over the last 12
months. Over the last thirty years, it is up 481%.

The 1st Quarter index value was 4.45 points higher than the 4th Quarter, 2017
index value of 304.85, resulting in a 1.46% rise in the 1st Quarter for the
Portland Market.

The Portland Home Price Index has increased for the last 23 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 27 consecutive quarters. The current record holders for consecutive
declines in the Home Price Index are Tallahassee, FL; Syracuse, NY; Sioux City,
IA; Shreveport, LA and Peoria, IL, with declines in the last 2 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
1st Quarter, 2018 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 1st Quarter of 2018, Portland Home Prices had a rank of 161, with
appreciation of 1.46%. The top performing real estate market during the 1st
Quarter was Goldsboro, NC, with a rise of 9.78%. The worst market during that
period was Cumberland, MD, with appreciation of -9.30%.
The median for all cities during the 1st Quarter was 1.15%. The average for all
markets during the quarter was 0.97%.

Last Year:
During the last 12 months, Portland Home Prices had a rank of 129, with
appreciation during the year of 7.22%. The top performing market during the
last year was Boise City, ID, with an increase of 15.3%. The worst real estate
market during that period was Farmington, NM, with appreciation of -6.0%.
The median for all markets during this period was 5.97%. The average was
5.82%.

Last 5 Years:
Over the 5 years ended with the 1st Quarter of 2018, Portland Home Prices
ranked 34, with a total appreciation of 62.0%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 90%.
The worst market during that period was Farmington, NM, with appreciation of
-4%.
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 1st Quarter of 2018, Portland Home Prices
had a rank of 31, with appreciation during the decade of 29%. The top
performing market during the period was Denver, CO, with a rise of 69%. The
worst real estate market during the 10 year time period was Atlantic City, NJ,
with appreciation of -26%.
The median for all markets during the last 10 years was 8%. The average for
the cities over that time frame was 9%.

Last 20 Years:
During the 20 years ended in the 1st Quarter of 2018, Portland Home Prices
had a rank of 37, with total growth over the 20 year period of 147%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 282%. The worst market during the last 20 years was Rockford, IL,
with appreciation of 18%.
The median for all cities during the last 20 years was 79%. The average for the
markets over that time frame was 88%.

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 Tuesday, July 24, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.


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