Oregon Home Prices Continue To Rise More Than National Average

Dated: October 10 2014

Views: 567

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.
Source
Blog author image

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 30 years in the industry, Mark has gained experience in ....

Latest Blog Posts

You Will Be Glad You Did These 4 August Tasks When January Comes

Take a few minutes out of your pool time this month to do these four tasks.Then you'll have more time to eat popcorn in front of the fire next January.#1 Call the Snow Plow NowIf you live in snow

Read More

13 Tips For Home Wildfire Protection

How do most homes ignite during a wildfire? A floating ember or piece of burning wood touches down on a roof, gutter, in a vent, under a deck, or on a porch and ignites leaves and debris, says the

Read More

What Happens After Foreclosure Moratorium Ends

Since early 2020, banks across the U.S. have been banned from foreclosing on homes as part of the federal government’s efforts to assist families feeling economic pain caused by the pandemic. On

Read More

4 To Dos For July To Save Money Get Ready For Fall

When it's hot outside, smart homeowners focus their energies inside on these four tasks.You know: Like taking advantage of your nice, cool basement.#1 Organize the BasementThe two most common types

Read More