Home Prices

Northwest News
5:06 pm
Tue March 27, 2012

Home Prices Continue To Drop In Seattle, Portland

"Home prices in both Seattle and Portland are down again. Photo by Timothy Ellis/Flickr
Photo credit: Timothy Ellis/Flickr Northwest News Network

Home prices continue to fall in the Northwest. New figures released show yet another drop in both Seattle and Portland.

The S&P/Case-Schiller Index measures housing prices in 20 large metropolitan areas around the country. The newest figures are through January and in them, both Seattle and Portland hit new lows for the current economic downturn. Average home prices in both cities are down about four percent from a year ago. Steve Thoele is an agent with Keller-Williams Realty in Portland. He blogs about housing trends in Oregon.

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