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Portland, OR - House Price Index (HPI) - 32 Year Chart
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Portland Real Estate Market (OR)
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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 Tuesday, May 1,
2012. Real estate forecasts, analysis, statistics and appreciation rates are provided below.
Portland Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 10335
4th Quarter, 2011 Housing Statistics: Portland, Oregon
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 84%
Forecast-Chart.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 4th Quarter of 2012 is DOWN. The Accuracy of the
Trend Forecast for Portland is 84%. In other words, when tested against
historical data, the forecasting methodology was correct 84% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Portland is 84% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2012 than they were in
the 4th Quarter of 2011. Check this page each quarter for updates to the
Portland Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 80%
The forecast for the trend in the Portland housing market for the 3 years ending
with the 4th Quarter of 2014 is DOWN. The Accuracy of the Trend Forecast for
Portland is 80%. In other words, when tested against historical data, the
forecasting methodology was correct 80% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Portland is 80% during this period. If this Housing Market Forecast is correct,
home prices will be lower in the 4th Quarter of 2014 than they were in the 4th
Quarter of 2011. Check this page each quarter for updates to the Portland Real
Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2011 Housing Data: Portland, Oregon
Historical Home Price Appreciation
Last Quarter 0.77%
Last Year -4.4%
Last 5 Years -20%
Last 10 Years 33%
Last 20 Years 146%
Decline From All Time High 21.79%
Annual Home Price Appreciation Rates
1982 7.07%
1983 -4.64%
1984 5.29%
1985 -2.46%
1986 1.30%
1987 0.92%
1988 5.55%
1989 9.27%
1990 16.54%
1991 8.88%
1992 7.56%
1993 8.05%
1994 9.98%
1995 9.39%
1996 7.18%
1997 7.17%
1998 4.63%
1999 1.38%
2000 3.33%
2001 5.39%
2002 4.38%
2003 5.44%
2004 10.56%
2005 19.99%
2006 12.81%
2007 2.87%
2008 -6.83%
2009 -8.40%
2010 -4.11%
2011 -4.43%
Real Estate Appreciation, Rank & Percentile
Last Quarter 0.77% Rank: 115 of 381 (70th Percentile)
Last Year . . . . . . . . . . . . . . . . -4.4% Rank: 280 of 381 (26th Percentile)
Last 5 Years -20% Rank: 291 of 381 (23rd Percentile)
Last 10 Years . . . . . . . . . . . . 33% Rank: 129 of 381 (66th Percentile)
Last 20 Years 146% Rank: 17 of 355 (95th Percentile)
Decline From All Time High 21.79%
Home Price appreciation rates for Portland-Vancouver-Hillsboro, OR-WA are
shown above for five time periods. For example: Portland appreciated 0.77% in
the Last Quarter. At that rate, the Portland Real Estate Market was ranked
115th out of 381 metropolitan areas for Real Estate Appreciation. Portland was
in the 70th percentile. So Portland, OR performed better in the Last Quarter
than 70% of the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2011 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 242.1 in the 4th Quarter, of 2007. The 4th Quarter, 2011
index value was 189.4. That's a decline of 52.75 points or 21.79% 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 lost 4.43% over the last 12 months. Over the
last thirty years, it is up 286%.
The 4th Quarter index value was 1.44 points higher than the 3rd Quarter, 2011
index value of 187.92, resulting in a 0.77% rise in the 4th Quarter for the
Portland Market.
The Portland Home Price Index has increased for the last 2 consecutive
quarters. The current record holders for consecutive increases in the Home
Price Index are Wheeling, WV; Washington, DC; St. Cloud, MN and Grand
Forks, ND, with increases in the last 3 consecutive quarters. The current record
holder for consecutive declines in the Home Price Index is Las Vegas, NV, with
declines in the last 20 consecutive quarters.
The highest annual home appreciation rate in the Portland Real Estate Market
was 24% in the twelve months ended with the 2nd Quarter of 1978. The worst
annual home appreciation rate in the Portland Market was -12% in the twelve
months ended with the 3rd Quarter of 1981.
The highest home appreciation 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 home appreciation over a three year period in the Portland Market
was -22% 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). The house price chart has been updated through the 4th Quarter of
2011. For more information about Portland Home Prices, look at the links under
that chart. One link opens a long term chart of historical appreciation rates for
the Portland Real Estate Market. Another opens a forecast for appreciation
rates in the state of Oregon. Just one glance at Forecast-Chart.com's long term
charts can provide tremendous insight into the historical trends of residential
property values. Bookmark this page! Then Forecast-Chart.com's detailed
research and statistics about Portland Home Prices will be at your fingertips
when you need them.
Historical data on the Portland Home Price Index is available back to the 2nd
Quarter, of 1976. 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
4th Quarter, 2011 Housing Data: Portland, Oregon
The appreciation 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 4th Quarter of 2011, Portland Home Prices had a rank of 115, with
appreciation of 0.77%. The top performing real estate market during the 4th
Quarter was Vineland, NJ, with appreciation of 6.09%. The worst market during
that period was Valdosta, GA, with appreciation of -5.24%.
The median appreciation for all cities during the 4th Quarter was 0.24%. The
average appreciation for all markets during the quarter was 0.29%.
Last Year:
During the last 12 months, Portland Home Prices had a rank of 280, with
appreciation during the year of -4.43%. The top performing market during the
last year was Midland, TX, with appreciation of 4.7%. The worst real estate
market during that period was Carson City, NV, with appreciation of -18.1%.
The median appreciation for all markets during this period was -2.61%. The
average appreciation was -2.93%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2011, Portland Home Prices
ranked 291, with a total appreciation of -19.5%. The top performing real estate
market during the 5 year period was Midland, TX, with appreciation of 23%. The
worst market during that period was Merced, CA, with appreciation of -62%.
The median appreciation for all cities during this time period was -7%. The
average appreciation over the 5 years was -11%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2011, Portland Home Prices
had a rank of 129, with appreciation during the decade of 33%. The top
performing market during the period was Midland, TX, with appreciation of 92%.
The worst real estate market during the 10 year time period was Detroit, MI, with
appreciation of -29%.
The median appreciation for all markets during the last 10 years was 24%. The
average appreciation for the cities over that time frame was 25%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2011, Portland Home Prices
had a rank of 17, with total appreciation over the 20 year period of 146%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 222%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 5%.
The median appreciation for all cities during the last 20 years was 85%. The
average appreciation for the markets over that time frame was 87%.
Historical research data on the Home Price Index for the Portland Real Estate
Market is available back to the 2nd Quarter, of 1976. The chart has been
updated through the 4th Quarter of 2011. All calculations are based on the
quarterly value of the House Price Index for Portland. Real estate appreciation
figures represent total appreciation over each time period. (Unless specifically
stated, the appreciation figures do not represent annual or quarterly rates of
appreciation.)
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