Once again, the Standard & Poor’s Case-Shiller index report, shows that Portland area home prices are down.  This time it’s down 6.6% in July as compared to July 2007.  Not so bad compared to the rest of the major markets.  Portland decline puts it as the 5th best market in the 20 city index.  The 20 city index shows home prices declined 16.3% as a whole.

Since this report lags behind a couple months, we may see more negative numbers in the next few reports.  It does look like there is a slow down in the declines, but no evidence of a bottom in sight.

Here are the 20 cities listed in the index and their annual declines:

-1.8%  Charlotte
-2.5%  Dallas
-4.7%  Denver
-5.4%  Boston
-6.6%  Portland
-7.4%  New York
-7.8%  Cleveland
-8.2%  Seattle
-8.2%  Atlanta
-10.0% Chicago
-13.1%  Minneapolis
-15.8%  Washington, D.C.
-16.7%  Detroit
-19.4%  Tampa
-24.8%  San Francisco
-25.0%  San Diego
-26.2%  Los Angeles

Related posts:

1. Portland home prices down in the latest Case-Shiller Index report
2. Case-Shiller Report Shows Portland Still Appreciating
3. Portland City Limits Real Estate Market Report May 2008
4. West Portland Real Estate Market Report June 2008
5. Portland Real Estate Becoming More Affordable

Related posts brought to you by Yet Another Related Posts Plugin.