Published October 29, 2026 in Market Update

Primary market sales held nearly flat as listings grew

By Tanya Rhoades

Real estate, Primary market

Here is the one number that changes what you should do right now. The Real Estate Data Aggregator counted 3,389 new listings across the Primary market in the three months ending August 31, 2026. That is up 1.9% from the same months of 2025. At the same time, homes sold slipped just 0.3%, to 2,729 closed sales. More supply, nearly the same demand. That gap is what sellers need to plan around.

The National Association of Realtors reported that inventory across the country rose to 1.60 million homes in September 2026. That national picture fits what the Real Estate Data Aggregator shows locally: more homes are available, but buyers have not rushed in to absorb them all.

What this means for sellers

Pending sales fell 4.9%, according to the Real Estate Data Aggregator. That tells you demand did not rise with every new listing. Buyers have more to look at, so a home that is priced a little high or needs work will sit. Pricing and condition are doing more of the heavy lifting than they were a year ago.

Freddie Mac put the average 30-year fixed rate at 7.32% as of October 22, 2026. Realtor.com also reported an average rate of 7.40% on October 22, 2026. Rates at that level keep some buyers on the sideline, which is part of why demand has not caught up with the new supply.

What this means for buyers

More listings without a big jump in competition is a real shift. The Real Estate Data Aggregator shows 3,612 homes for sale in the Primary market during the period. That is still down 5.4% from a year ago, so supply is not overflowing. But it is enough to give buyers a bit more room to compare before deciding.

How each ZIP code looked

The market-wide numbers hide a wide range. Some ZIP codes moved quickly. Others sat. The table below shows median sale price, days on market and months of supply for each area in the Primary market, for the three months ending August 31, 2026, from the Real Estate Data Aggregator.

A few ZIP codes worth a closer look

ZIP 86004 in Flagstaff had the fastest median time on market. The Real Estate Data Aggregator counted a median of 27 days, which is 13 days shorter than the same period of 2025. The share of homes going under contract within two weeks jumped 14.6 points to 34%. That is a meaningful shift toward faster sales.

ZIP 85016 in Phoenix tells a different story. The Real Estate Data Aggregator counted 7.1 months of supply there, up 1.5 months from a year ago. The median days on market was 80. Homes sold fell 20.1%. Buyers in that ZIP have more choices. Sellers there need to price carefully.

ZIP 85251 in Scottsdale saw the biggest gain in new listings, up 22.1% according to the Real Estate Data Aggregator. Homes sold rose too, up 29.9%. But the median days on market grew 8 days longer to 83. More activity does not always mean faster sales.

The national picture

The National Association of Realtors reported 3.99 million existing-home sales nationally in September 2026. Existing-home prices were up 1.3% nationally that same month. The Primary market's nearly flat sales and modest new-listing growth fit that broader pattern of a market that is moving, but not racing.

One street can read very differently from the whole ZIP code. A block with newer homes, a quieter location or a different price point can move faster or slower than the area numbers suggest. The only way to know where your home stands is to look at what sold near you.