Portland-area home prices jumped again in January, pushed higher by a shortage of homes for sale.
Metro home prices rose four-tenths of a percent in January, according to the according to the S&P CoreLogic Case-Shiller home price index, reaching a level 7.1 percent higher than a year earlier.
Seattle led the 20-city index with a 12.9 percent year-over-year increase, followed by Las Vegas with an 11.1 percent increase. Seven of the cities in the index saw prices rising at a faster rate than Portland over the past year.
The national index rose 6.2 percent.
Portland's home prices continue to set new records. Prices are now 21 percent higher than the previous high-water mark, set in August 2007.
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