National numbers released this morning show that home prices rose 5.1 percent year to year nationwide—although, according to The Wall Street Journal, “[p]rice growth did show some sign of slowing in the country’s largest cities.” But is this “slowing” being seen in Portland? It appears not.
Housing prices in the Portland area increased 12.6 percent from June 2015 to June 2016—a 147 percent higher rate of growth than seen nationally, and good for the fastest pace of growth across the top 20 markets (topping Seattle’s 11 percent growth and Denver’s 9.2 percent growth). Portland’s housing prices grew 1.6 percent just from May 2016 to June 2016. So much for a slowdown.