Home value gains in the City of Roses continue to lead the nation.
Yet again, the Portland-area real estate market posted the country’s largest annual gains in home values February – the fifth consecutive month it did so and the fourth straight outright, according to the monthly Standard & Poor’s Case-Shiller home price index, released Tuesday.
Home prices in the region increased 11.9 percent year-over-year in February, the report found. Seattle and Denver posted the next-highest annual gains, with 11 percent and 9.7 percent increases, respectively.
“Entry-level and mid-market buyers – typically the housing market’s bread and butter – are likely to face stiff competition, rapidly rising prices and very limited inventory,” said Svenja Gudell, chief economist at Zillow, in an email. “The patience of many buyers will be tested in coming months.”
(READ MORE: Oregon Live)
Another recent study ranked Portland 10th in the nation for storefront density near the city center.
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