Each quarter the Case-Shiller Index measures changes in the prices of single-family, detached residences using the repeat-sales method, which compares the sale prices of the same properties over time. The graph above shows how Portland (red) reached the peak of the market in the first quarter of 2008. It also shows that after being level for the last quarter of 2009 and first quarter of 2010, prices have dropped for the second quarter, which just ended.
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