Portland metro home prices up 6.7% in March

Portland-area home prices jumped 6.7% in March compared with a year earlier, according to the S&P CoreLogic Case-Shiller home price index. Nationally, prices rose 6.5%.

Among the 20 cities included in the index, the largest increases were in Seattle (13%), Las Vegas (12.4%) and San Francisco (11.3%). Nine of the other 19 cities saw home prices rise faster than Portland.

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After bouncing back from the Great Recession, Portland's home-price growth took off in 2016, peaking at 12.5% annual growth in June 2016. It led the nation in home-price gains for nearly a year before dropping off.

Portland home prices continue to push into record-setting territory. They topped their housing bubble-era peak in August 2015 and have since climbed another 22%.

The Case-Shiller home price index uses repeat sales of the same homes to measure changes in values across the market. It's released as a three-month rolling average.

The median home price in the Portland area was $395,000 in March, according to the Regional Multiple Listing Service. It climbed to $405,000 in April.