Published October 1, 2026 in Market Update

Primary market sales rose even with fewer homes for sale

Buyers kept showing up even as choices got tighter. That is the one fact that changes what a homeowner should know right now.

More homes sold here while fewer were available. That gap tells you demand held up locally, even as the National Association of Realtors reported existing-home sales fell 2.0% nationally in August 2026.

For homeowners, more sales with less supply points to buyers still competing. For buyers, the choice here is tighter than the national picture suggests.

Rates are a real factor right now

Freddie Mac put the average 30-year fixed rate at 7.03% as of September 24, 2026. Realtor.com noted that is the first reading above 7% since January 2025. The 15-year fixed averaged 6.42%, also per Freddie Mac.

Higher rates slow some buyers down. Pending sales across the Primary market were down 1.6% from a year ago, per the Real Estate Data Aggregator. Not every ZIP moved the same way, though.

How each ZIP code looked

The story varied a lot by ZIP. Some areas saw prices dip while sales jumped. Others held price but took longer to sell. Here is a quick look across the market.

Prices dipped in several ZIPs

ZIP 85210 saw the steepest price drop. The Real Estate Data Aggregator put the median sale price there at $350,000, down 14.5% from a year before. ZIP 85284 dropped 12.8%, to $699,500.

Not every ZIP fell. ZIP 85203 rose 11.8%, to a median of $510,000. ZIP 86004 was up 1.7%, to $689,000. Small moves, but they point the right direction.

Speed: some ZIPs moved fast, some did not

ZIP 86004 had the shortest median time on market. The Real Estate Data Aggregator counted 26 days there, 10 days shorter than a year before. ZIP 86001 came in at 30 days, down 21 days from a year ago.

ZIP 85251 was on the other end. The median there was 83 days, 8 days longer than a year before. ZIP 85138 sat at 80 days, 7 days longer.

How quickly homes went under contract

ZIP 86001 led the market here. The Real Estate Data Aggregator found 40.6% of homes went under contract within two weeks of listing, up 15.2 points from a year before. ZIP 85225 was close behind at 39.6%, up 8.9 points.

The national picture adds context

The National Association of Realtors put national months of supply at 4.9 months, the highest level in over ten years. Our Primary market had 3,529 homes for sale across all ZIPs, per the Real Estate Data Aggregator.

The Federal Housing Finance Agency reported U.S. house prices rose 2.1% year over year between the second quarter of 2025 and the second quarter of 2026. That is a slower pace than many markets saw in recent years.

Locally, the picture was mixed. Some ZIPs held or grew price. Others dipped. The market is not moving as one.

What this means for you

More sales with less inventory tells you buyers are still active here. That is a fair position for a seller to stand on, though not every home sold fast and not every price held.

For buyers, supply is tighter than the national story suggests. The National Association of Realtors also noted existing-home sales are up 1.6% year-to-date through the first eight months of 2026, so the broader market is not falling apart either.

Every ZIP code has its own story, and every street inside a ZIP can read differently still. If you want to know where your home sits in this market, I am happy to pull the numbers for your address.