Home Prices Rise in Portland and Across U.S.

Single-family home prices are rising in Portland, OR and across the country. The S&P/Case-Shiller Home Price Index reports Portland-area home prices increased an average of 2.2% to $316,900 from April to May. While prices remain 18% below their pre-recession peak, May’s numbers represent a 12.5% growth year-over-year.

Throughout the U.S., home prices continued to improve, with Denver and Dallas posting all-time highs, and Atlanta, Chicago, San Diego, San Francisco, and Seattle with home prices rising 3% or more in May. The West had the biggest increases, with home prices jumping annually by 24.5% in San Francisco, 23.3% in Las Vegas, and 20.6% in Phoenix.

Read the full article at Portland Business Journal