Portland Area Housing Market Tops the List. According to Zillow, the Portland area had the nation’s fastest growing housing prices in 2016. Zillow said that the average Metro-area home value rose to $354,000 in December, marking a 13.8% increase from December 2015. In related news, the S&P CoreLogic Case-Shiller Composite Home Price Index reported Seattle, Portland, and Denver scored the highest 2016 year-over-year gains among the 20 cities in the index; among the 20 largest cities in the US, just Portland and Seattle saw double-digit appreciation in 2016.
2016 Average and Median Sale Prices. Comparing 2016 to 2015 through December, the RMLS of Oregon reported that the average Portland-area home sales price rose 11.4% from $354,500 to $395,000. In the same comparison, the median sale price rose 12.7% from $308,000 to $347,000. (I see the discrepancy between the Zillow figure and the RMLS figure and I’m at a loss to explain it. Shannon)