How do newly built homes impact the Oregon index?

Homes lacking prior observations often struggle to enter the repeat-sales measurement immediately, so impacts may be delayed.

Does a declining index mean the number of homes sold has dropped?

No. Price and transaction volume are two separate variables that can decrease or increase independently.

Can the Oregon series be used to describe Portland on its own?

It should not be. This is a statewide result and can obscure differences between urban districts and other areas.

US FHFA House Price Index: Oregon

Name: US FHFA House Price Index: Oregon
Creator: FRED (Federal Reserve Bank of St. Louis)
License: https://creativecommons.org/licenses/by/4.0/

US FHFA House Price Index: Oregon stood at 855.4 in Q2 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the FHFA house price index by region table (Value · Quarterly), with a complete series running from Q1 1975 to Q2 2026. The complete series with an interactive chart, free to download.

Source: FRED (Federal Reserve Bank of St. Louis)Last updated: Sep 21, 2026, 07:22 UTCCurated by Bui Thanh Phuc

Loading chart data…

This indicator in the FHFA house price index by region table

Indicator	Q2-2026	Q1-2026	Q4-2025	Q3-2025	Q2-2025	Q1-2025	Q4-2024	Q3-2024	Q2-2024	Q1-2024
National	719.87	712.2	707.22	704.26	700.24	689.94	684.87	681.12	674.27	658.64
Pacific	993.71	991.39	985.72	983.57	983.95	974.82	970.09	969.46	961.22	944.59
Oregon	855.4	847.78	842.58	843	842.3	831.47	827.43	827.53	826.78	810.73

Understanding US FHFA House Price Index: Oregon

Oregon house price levels are represented by tracking identical single-family houses across qualifying transactions or valuations. This method targets asset price growth/decline parts rather than traded housing type shifts, differing fundamentally from average or median sale prices. However, the series is no full market inventory: cash deals, out-of-sample loans, unrecorded repeat-history new homes, and non-residential real estate face limited reflection. Separating Oregon also reveals developments obscured by Pacific regional indices.

To recognize baseline trends, place each quarter against matching prior periods; this reduces buying season and construction rhythm impacts. Immediate prior-quarter comparisons signal accelerations or cooling earlier, but warrant multi-period checks over single points. New figures are subject to adjustments after receiving supplemental records or model re-estimations. Distinguish price increases from sales volume increases: extremely low supplies can push price indices up while home turnover drops. Portland-versus-statewide divergences also fail to appear directly in aggregate series.

Frequently asked questions

How do newly built homes impact the Oregon index?: Homes lacking prior observations often struggle to enter the repeat-sales measurement immediately, so impacts may be delayed.
Does a declining index mean the number of homes sold has dropped?: No. Price and transaction volume are two separate variables that can decrease or increase independently.
Can the Oregon series be used to describe Portland on its own?: It should not be. This is a statewide result and can obscure differences between urban districts and other areas.