Home prices for Portland real estate continue to decline slowly.  The latest Case-Shiller Index shows a 7.6%  drop in home prices comparing August 2008 to August 2007.

Portland fell to #7 in the 20 city index from a spot at #3 in the previous report.  Portland is experiencing a housing slump just like the rest of the country, just not quite as harsh.

The top cities on the list are:

Dallas -2.7%

Charlotte -2.8%

Boston -4.7%

Denver -5.1%

Cleveland -6.6%

New York -6.9%

Portland -7.6%

The 10-city and 20-city indexes continued the overall market decline to 17.7%  and 16.6%, respectively.

Big losers again were the California, Arizona and Nevada markets posting greater than a 25% decline.

Related posts:

1. Portland Still One Of The Better Real Estate Markets According To Case-Shiller Index Report
2. Case-Shiller Report Shows Portland Still Appreciating
3. Portland Home Prices Finally Fall in March
4. September is Deal Month in SE Portland
5. Prices flat, NOT DOWN for Portland Real Estate in March

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