Oregon Home Prices Continue To Rise More Than National Average

Dated: October 10 2014

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Including distressed sales, Oregon cracked the top 10 list of states with the strongest appreciation in home prices in August, according to CoreLogic, a property information firm that tracks real estate trends.As a state, Oregon saw home prices rise 8 percent between August of 2013 and the same month this year. Nationally, home prices rose 6 percent over the same time period.

Oregon was ninth on the list of states with the most increase in the past 12 months. Topping it were Michigan, at just over 11 percent, California and Nevada and 9.2 percent and main at 9 percent.
According to CoreLogic, In Portland-Vancouver-Hillsboro Metropolitan Statistical area, home prices, including distressed sales, increased by 8.9 percent in August 2014 compared to August 2013. On a month-over-month basis, home prices, including distressed sales, increased by 0.4 percent in August 2014 compared to July 2014.
Excluding distressed sales, year-over-year prices increased by 8.0 percent in August 2014 compared to August 2013. On a month-over-month basis, excluding distressed sales, the CoreLogic noted that home prices increased by 0.4 percent in August 2014 compared to July 2014.

According to the most recent market report from RMLS, the median sales prices of a home in the Portland metro region in August 2014 was $295,900, up from $277,000 in the same month last year.
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Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

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