Portland Home Prices Down 16%, U.S. 18.1%

This morning’s Case-Shiller report shows Portland home prices were down 16 percent year-to-year from April 2008 to April 2009. On average, U.S. home prices were down 18.1 percent during the same time period.

The national rate of decline improved for the third straight month, with April’s decline better than March’s loss of 18.7 percent.

Here is the annual rate of declines for the 20 metro areas included in the Case-Shiller Index:

Rate = City

-4.9% = Denver
-5.0% = Dallas
-7.7% = Boston
-10.0% = Charlotte
-10.5% = Cleveland
-12.5% = New York
-14.8% = Atlanta
-16.0% = Portland
-16.8% = Seattle
-16.9% = Washington, D.C.
-18.7% = Chicago
-20.0% = San Diego
-21.3% = Tampa
-21.3% = Los Angeles
-22.1% = Minneapolis
-25.4% = Detroit
-27.3% = Miami
-28.0% = San Francisco
-32.2% = Las Vegas
-35.3% = Phoenix