Abdur Abdul-Malik | Portland, OR & WA Appraiser

Portland, OR appraiser (SRA/ASA) blending market insights & storytelling. Blogger, educator, hiker. A tad obsessed with Excel.

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Q1 2026 is in the books, and the Portland Region delivered a softer quarter. Average price landed at $659,197, median at $580,000, and we saw 3,349 detached sales—but the real story is how differently the core and luxury segments behaved. Mix shifts, smaller lots, and a sharp drop in luxury new construction shaped the numbers.

Full regional overview as well county by county breakdown ↓

https://t.co/SxFlp1rOHi

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

The attached‑home market quietly reshaped itself in Q1 2026. Median price softened to $420k (‑5%), sales climbed to 362 (+10%), and affordability jumped from 20% → 61%—helped by better interest rates than Q1 2025. Washington drove half the region’s activity, Clackamas and Washington pivoted to smaller new builds, and Multnomah saw broad improvement.

Full regional overview plus county‑by‑county breakdown ↓

https://t.co/LNxY37VyR5

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates increased 6 basis points this week, returning to 6.49%—just 4 basis points below the YTD high. A median‑priced Portland Region home ($580,000) now carries a $2,930 monthly payment (assuming 20% down), up about $154 from February’s low. Lifetime interest has climbed to $590,708, and repricing all Q1 2026 detached sales at today’s rate adds $156 million in regional interest—roughly the cost of a major Portland infrastructure project.

Full analysis in the new update: https://t.co/BB7I0EDHLC

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

The Portland Region’s condo market cooled in Q1 2026: 511 sales (‑8.6%), dollar volume down 2.6%, and CDOM rising to 119 days. But the average price still climbed to $389k, boosted by a revived luxury segment — including fresh Ritz‑Carlton Residences closings that helped counterbalance softer conditions elsewhere.

Full regional overview as well county by county breakdown ↓

https://t.co/9gWiOilzZC

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates decreased 6 basis points this week to 6.43%, giving slight relief from the YTD high. A median‑priced Portland Region home ($580,000) now carries a $2,911 monthly payment (assuming 20% down), up about $136 from February’s low. Lifetime interest has climbed to $584,128, and repricing all Q1 2026 detached sales at today’s rate adds $131 million in regional interest—roughly the cost of a major Portland infrastructure project.

Full analysis in the new update: https://t.co/w07wcJ0exR

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates increased 2 basis points this week to 6.49%, just 4 basis points below the YTD high. A median‑priced Portland Region home ($580,000) now carries a $2,930 monthly payment (assuming 20% down), up about $154 from February’s low. Lifetime interest has climbed to $590,708, and repricing all Q1 2026 detached sales at today’s rate adds $116 million in regional interest—roughly the cost of a major Portland infrastructure project.

Full analysis in the new update: https://t.co/nTsM1KPBKq

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates dipped slightly this week to 6.47%, still near the highest levels of 2026. A median‑priced Portland Region home ($580,000) now carries a $2,924 monthly payment with 20% down—about $148 higher than February’s low. Lifetime interest sits at $588,513, and repricing all Q1 2026 detached sales at today’s rate adds $148 million in regional interest—a nine‑figure shift driven entirely by rate movement.

Full analysis in the new update: https://t.co/uZnsk8egve

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates increased 4 basis points this week to 6.52%, just 1 basis point below the YTD high. A median‑priced Portland Region home ($580,000) now carries a $2,939 monthly payment (assuming 20% down), up about $163 from February’s low. Lifetime interest has climbed to $594,004, and repricing all Q1 2026 detached sales at today’s rate adds $169 million in regional interest—roughly the cost of a major Portland infrastructure project.

Full analysis in the new update: https://t.co/aOQKIR1jky

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Rates dipped slightly this week, but affordability remains tight. A median‑priced Portland Region home ($580,000) now carries a $2,926 monthly payment at 6.48%, up more than $150 from February’s low. Lifetime interest has climbed to $589,610, and repricing all Q1 2026 detached sales at today’s rate adds $152 million in regional interest—roughly the cost of a major Portland infrastructure project.

Full analysis in the new update: https://t.co/gAy6UUMjNf

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

After more than a year with no closings, the Ritz‑Carlton Residences, Portland reset triggered a surge: 36 sales at 100% SP/OLP and seven closings in May alone. But the DOM pattern shows the shift from backlog buyers to true organic demand—and the 85 unsold units still ahead. Full breakdown on the blog: https://t.co/WYRH5gMiDx

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Mortgage rates jumped again this week, 2 basis points to 6.53%, and the impact is showing up fast in Portland’s detached market. Affordability slipped, required income climbed, and the share of homes within reach for a median‑income household fell below 18%.

Sellers aren’t immune either—with CDOM already up 11% last year, higher rates may keep stretching timelines. I unpack the buyer‑side and seller‑side implications in this week’s affordability update.

https://t.co/LCqEIVPGyY

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

New post on the Portland Appraisal Blog: The Strong Family Apartments in Humboldt transformed a long-held family site into 75 restricted affordable family units through smart assemblage and CM2 zoning incentives. Plottage unlocked density on a 0.96-acre corner lot, shifting highest and best use to multifamily housing in a transit-rich corridor. Yet market-rate ownership remains severely constrained for 60% AMI households—only 3 of 96 recent sales qualified, all tiny condos with zero coverage in the 2–3 bedroom family range Strong serves. The 99-year covenant and retention policy further support long-term community stability.

Read the full appraisal analysis (with segmented affordability (PABAI) data, before/after visuals, and neighborhood context) here: https://t.co/wW13ZiBfd8

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Just published: The 2025 Portland Region Manufactured Homes Market in Review (owned-land affixed units only).

After a softer 2024, the segment staged a clear comeback: 315 closed sales (+14.1% YoY), pushing total volume to $148.4 million (+16.3%). Average price rose modestly to $471,014 (+1.9%), median reached $435,000 (+3.8%), and PPSF ticked up to $299.03 (+1.1%). Rural counties—Clackamas, Yamhill, Columbia—dominated ~76% of activity, where land value continues to carry the lion’s share of pricing power.

The segment remains the second-most affordable housing type in the region, trailing only condos, and serves as both a practical entry point and, frequently, an interim solution on acreage parcels.

Full breakdown, county-level details, scatters, and appraiser-focused insights here:

https://t.co/l41c2lPefz

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Just published: The 2025 Portland Region Attached Homes Market in Review

A deep-dive reference piece on the single-family attached segment (townhomes, rowhouses, fee-simple attached on owned land) across the six-county Portland metro (Multnomah, Washington, Clackamas, Clackamas, Yamhill, Columbia, Hood River).

Key takeaways at a glance:

• Volume up +6.33% to 1,646 sales, driven by +25.74% more new construction
• Modest price softening (median -1.13%, PPSF -3.23%) amid rising MOS (+32.60%) and CDOM (+14.13%)
• HOA dues stable (+1.18% to $236.84 average), a bright spot vs. sharper condo increases
• ~79% of sales carry mandatory dues, creating functional overlap with townhome-style condos despite fee-simple ownership
• Actual age down to 15.69 years thanks to new units

Full post includes cleaned RMLS data, tables, bar charts, line graphs, scatter plots, histograms, county breakdowns, and other analytical insights.

If you're working in Portland real estate (appraisal, lending, brokerage, estate planning, or research), this is the go-to 2025 record for the attached segment.

Comments / questions welcome—always happy to discuss the data or valuation nuances.

Read it here: https://t.co/sJBcFd7y5X

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

The 2025 Portland Region condo market continued its gradual softening: median price down -3.0% to $325,000, average PPSF -3.5% to $325.78, CDOM up +32% to 102 days, and months of supply climbing +20% to 6.74 months. HOA dues also rose sharply +13% to $497 average, amplifying monthly payment pressure in a high-rate environment. Yet volume fell only -3.1%, and the City of Portland alone drove 61% of regional sales.

Full breakdown, histograms, county tables, and standout extremes here: https://t.co/Nm4Kjc9KXE

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Just published: The 2025 Portland Region Detached Homes Market in Review

After a year of gradual mortgage rate easing, the Portland metro detached single-family market settled into a stable equilibrium. Key takeaways:

• Total volume up +2.11% to $11.7B
• Median price +0.84% to $599,990
• CDOM +11.09% to 59.15 days
• New construction down -11.86%
• Average MOS ~2.9 months (still very tight)

Prices held firm, buyers stayed selective, and the market rewarded patience. Full breakdown—regional overview, monthly trends, county-level stats, and standout extremes—now live on the blog.

Read the complete 2025 review here: https://t.co/Nfn0Xw5dZM

[Abdur Abdul-Malik | Portland, OR & WA Appraiser @PDXAppraisals]

Driving I-84 through Northeast Portland? That massive new tower over the Hollywood MAX station is hollywoodHUB—222 permanently affordable apartments, including 32 three-bedroom units. The deepest affordable units serve families earning $37,250 or less per year (family of 4), yet place them across from Trader Joe’s and 24 Hour Fitness, steps from MAX, and blocks from Providence Hospital and the Hollywood Theatre.

Appraisal brief on the project, market context, and what 30% area median income really means in Portland: https://t.co/dLKjPRrruy