Portland Home Values: Case-Shiller November Numbers

Portland hits a new low. And I am now ready to declare my relative optimism (that home values would end the year not much worse then when they started) too optimistic. Portland homes lost, on average, 7% of their value from November of 2009 to November of 2010. And since near in neighborhoods like mine have not done quite so badly, the suburban areas must be especially bad.

Anyway, here are the numbers as compiled by the Wall Street Journal:

Home Prices, by Metro Area

Metro Area	November 2010	Change from October	Year-over-year change  ↓
Atlanta	100.67	-2.5%	-7.9%
Chicago	119.57	-2.2%	-7.6%
Detroit	67.26	-2.7%	-7.1%
Portland	139.92	-1.6%	-7.0%
Phoenix	104.85	-1.1%	-6.4%
Seattle	141.57	-1.1%	-4.7%
Cleveland	100.12	-2.0%	-4.4%
Minneapolis	118.8	-2.1%	-4.4%
Charlotte	113.61	-0.4%	-4.3%
Dallas	114.88	-1.1%	-4.2%
Tampa	134.05	-0.8%	-4.0%
Las Vegas	100.59	-0.4%	-3.5%
Miami	143.81	-0.2%	-3.5%
Denver	125.02	-1.2%	-2.5%
New York	169.75	-1.0%	-1.7%
Boston	152.76	-1.0%	-0.8%
San Francisco	137.23	-1.2%	0.4%
Los Angeles	173.28	-0.4%	2.1%
San Diego	160.08	0.1%	2.6%
Washington	185.42	-0.1%	3.5%

Source: Standard & Poor’s and FiservData