Metro area is in the top three in the nation for fastest-rising prices.
BY JACOB PALMER | DIGITAL NEWS EDITOR
The Portland metro area is in the top three in the nation for fastest-rising prices.
The average price of a house sold increased 7.3% in 2015 over last year.
Houses in the region increased in value by 10.1 percent from September to September, the report found. For the second-straight month, only home values in Denver (10.9 percent) and San Francisco (11.2 percent) increased more quickly. Dallas (9 percent) and Seattle (8.2 percent) were next in line.
Between August and September, Portland home values grew at a 0.8 percent clip, faster than anywhere else other than Miami (0.9 percent).
The national market posted 4.9 percent year-over-year gains in September and a monthly gain of 0.2 percent.
(READ MORE: OregonLive.com
“Home prices and housing continue to show strength with home prices rising at more than double the rate of inflation,” said managing director of the index committee Standard & Poor’s/Case-Shiller home price David M. Blitzer in a news release. “The general economy appeared to slow slightly earlier in the fall, but is now showing renewed strength.”
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