PDX home prices dip

PDX home prices dip

Portland home prices fell .5 percent from December to January in seasonally adjusted figures, according to The Standard & Poor’s Case-Shiller index.

Portland's slight drop is the third-biggest in the major U.S. market, while other parts of the country reported small gains.

The Northwest price declines came despite a slightly more upbeat showing in other metro markets, especially in California. Los Angels rose 1.8 percent, San Diego .9 percent and San Francisco .6 percent. The 20-city index was up .3 percent.

On a year-over-year basis, the 10-city index is flat from a year ago and the 20-city index is down just .7 percent in non-seasonally adjusted figures. Those are both the smallest such declines since January 2007.

Read the full story at OregonLive.com.

{biztweet}Portland home Case-Shiller{/biztweet}