Portland Real Estate Outsider: Portland Existing Home Prices Drop 13.1% in December - Case Shiller

The December Case Shiller data was released this morning and November's median price for an existing home in Portland was down 13.1% year over year. (click on any chart to expand it to readable size)

The monthly change was even worse, down 2.5% from November, the largest drop we've seen to date. Or ever.

Portland is now down 15% from the peak in July 2007.