Home BuyingHome Selling March 26, 2013

Portland Home Prices Up Over 50%

 

Sometimes it's tempting to compare today's Portland home prices with the top of the housing bubble in 2006 and think home values are down, but real estate has always been a long-term investment value

From 2002 to 2006, average home prices in Portland went up nearly 90%, but current prices are only a little over 20% below that peak, and climbing again.  So comparing 2002 to today, average home prices are up over 50%.  

Here are the numbers:

PORTLAND METRO AVERAGE SALE PRICE PROGRESS