Zillow Market Report

By
Real Estate Agent with Keller Williams Realty Portland Premiere

According to a new report released today from the real estate website Zillow.com, Home values decreased 9.1% year-over-year to a Zillow Home Value Index (ZHVI) of $223,500. Values also fell in the short-term, changing -0.9% from August to September. The ZHVI measures the value of all homes, not just those that sold in a particular period. The online real estate tracker also reported that 14.6% of Portland homes’ values increased in September, while 78.6% decreased. 18.2% of all sales in September were foreclosure re-sales (REO sales). Nationally, foreclosure re-sales made up 20.1% of all sales.

Portland Metro Zillow Home Value Index

See more Portland Real Estate FYI, additional Portland data can be found here: http://www.zillow.com/local-info/

Portland Real Estate

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Comments (1)

Indera Coggins
Re/Max 100 - Dunkirk, MD

Tony, thank you for the recent update from Zillow.com. I did hear where Washington DC home prices are increasing.

Nov 17, 2010 11:37 AM