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"The average price of a home sold in Portland dropped 8.6 percent by September 2008, compared with a year earlier, but that is still below the national average annual drop of 16.6 percent.
"According to the Standard & Poor’s/Case-Shiller Home Price Indices report released Tuesday, the price drop in the largest 20 U.S. cities between September 2007 and a year later was 17.4 percent. In the 10 largest cities, the drop was even bigger, at 18.6 percent."
Home prices in Portland continue to be somewhat of an exception to national trends. People just keep moving here...