KING file photo

A home goes up for sale.

Foreclosure rates in the Metro Portland area doubled compared to the same period a year ago, according to data released by First American Core Logic.

Foreclosures rise

The latest numbers from the month of September revealed that 0.8 percent of loans in the Portland-Vancouver-Beaverton area were in foreclosure, which was double last September's rate of 0.4 percent.

The Portland Metro area's foreclosure rate was still only about half the national average, which was 1.7 percent in September.

Prices drop

Home prices in the three-city area also dropped. September 2008 home sale prices fell 6.24% percent compared to September 2007, with the current median price of a home at $255,000. Nationally, home prices fell by 11.03 percent, with a median price of $195,000.

Sales drop

Sales of single-family homes in the Portland-Vancouver-Beaverton area fell by 20.28 percent compared to last September. That was more than the national average, which dropped 18.22 percent.

All data in the survey came from First American Core Logic