Home prices continue uptick

Home prices continue uptick:
Home prices continue uptick
The Portland area's median home price jumps 19.4 percent since last year, setting a record; the average price hits $300,100
Thursday, September 15, 2005
DYLAN RIVERA

Even as home-price escalation appeared to cool in some of the nation's hottest markets, housing prices in the Portland area rose faster than ever in August.

The area's median home sales price jumped by 19.4 percent over August 2004 -- a record since the Regional Multiple Listing Service began tracking sales in 1992. The median sale price was $253,100, compared with $212,000 a year ago -- a rise of $41,100, according to the report released Wednesday."