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The CASE-SHILLER INDEX for AUGUST shows an continued upward trend in HOME PRICES in 17 major US metropolitan areas.

In recent months, we've noticed favorable market factors
at the lower end of the price/size range
for homes for sale in

Eugene, Springfield and Lane County, OR.

We've read about declining inventories and stabilizing home prices in many parts of the country -- as evidenced by information posted on
the Active Rain real estate network.


The first reliable and positive national numbers appeared
three months ago when

the Case-Shiller Index

(as reported by Standard and Poors and the Wall Street Journal)


for May showed that Index's first month-on-month increases in nearly three years.

The Case-Shiller report for June and July continued and amplified
that trend.

Now, the Index for the month of

August, 2009

(reported on October 27) is again positive.



What is the Case-Shiller Index?


This monthly report is derived from year-on-year sale
of the same homes.
It's not an arithmetic mean (average).
It's not a statistical median (half above/half below).

It compares prices paid for individual homes turning over
during the reporting period.

It is the most accurate market statistic for prices of homes for sale in the United States.
For every metro area scored by Case-Shiller:
a score of 100 represents the level of home prices
in the year 2000.



Unfortunately, the Case-Shiller Index is compiled for only 20 American metropolitan areas as shown on the chart below.

The metro areas have been ranked below in descending order

by the percentage change in price

during the twelve months ending in August, 2009.

Only three cities among the Case-Shiller twenty failed to see
an increase in prices during August:

Cleveland (down 0.5%), Charlotte (down 0.4%)

and Las Vegas (down 0.3%)



None of the listed cities shows a positive number
for the twelve-month period, though some are getting close.

The uptick form May to August means that
the market is taking back
a fraction of the loss in value experienced by U.S. homes for sale
during the last year.


The Case-Shiller city located closest to the Eugene, Springfield
and Lane County market is

Portland, OR.

Portland's Index score reached it's highest point in July, 2007.
That month the Portland score was 186.51 -- meaning
prices in that metro area were
86.51 % higher
than in January, 2000.

In August, 2009, Portland stood at 150.46 -- a decline in home values
of 19.3% from that July, 2007 high.

The Case-Shiller Index
for August, 2009


Case-Shiller Index
City		 Index
Value
August, 2009
 Change From
July, 2009
 Change for year ending in
August,
2009
Dallas
 121.44 + 0.2%
 - 1.2%
Denver
 130.07
 + 1.0%
 - 1.9%
Cleveland
 107.42
 -0.5%
 - 2.8%
Boston
 155.95 + 0.9%
 - 4.2%
Washington
 178.84
 +1.4%
 - 7.9%
Charlotte
 120.72 -0.4%
 - 8.6%
San Diego
 153.34
 +1.6% - 8.9%
New York
 174.89
 + 0.5%
 - 9.6%
Atlanta 111.19
 + 1.0%
 -10.6%
Los Angeles 166.52
 + 1.6%
 - 12.0%
San Francisco 132.47
 + 2.8%
 -12.5%
Portland, OR
 150.46
 + 0.3%
 - 12.5%
Chicago
 130.55
 + 1.7%
 - 12.7%
Minneapolis 122.66
 + 3.2%
 - 13.7%
Seattle
 149.54 + 0.1%
 - 14.7%
Tampa
 143.43
 + 0.4%
 - 17.7%
Miami
 148.91
 + 1.1%
 - 18.8%
Detroit
 71.59
 + 1.9%
 - 22.6%
Phoenix
 108.41
 + 1.6%
 - 25.1%
Las Vegas
 105.78
 - 0.3%
 - 29.9%

Posted Saturday Oct 31