One part of the market is tightening even as rates stay above 7%
Freddie Mac put the 30-year fixed rate at 7.40% as of October 8, 2026. That is the headline most buyers are watching. But the Real Estate Data Aggregator counted something different happening on the ground here.
The Real Estate Data Aggregator recorded 2.9 months of supply in ZIP 89031 for the three months ending August 31, 2026. That is down 1 month from a year before. Less than 3 months of supply means buyers in that ZIP have fewer choices. Well-priced homes there are not sitting long.
The Real Estate Data Aggregator also counted 268 homes sold in ZIP 89031 in that same period, up 24.1% from a year ago. Pending sales rose 22% as well. Buyers are still moving, even with rates above 7%.
Not every ZIP tells the same story
Some parts of this market are looser. The Real Estate Data Aggregator counted 5.3 months of supply in ZIP 89183 and 5 months in both ZIP 89011 and ZIP 89052. ZIP 89119 had 7.4 months. Those are buyer-friendly numbers. Sellers there face more competition from other listings.
Where homes are moving fastest
The Real Estate Data Aggregator found that 37.5% of homes in ZIP 89130 went under contract within two weeks of listing. That is the highest share of any ZIP in this data. ZIP 89031 followed at 32.3%. In ZIP 89148, that share was just 19.3%, and days on market there were 64, up 14 days from a year ago.
- 18913037.5%
- 28903132.3%
- 38911929.4%
- 48908429.2%
- 58913128.9%
- 68917827.5%
- 78912327.5%
- 88910126.7%
What prices are doing
Prices are not all moving the same way either. The Real Estate Data Aggregator put the median sale price in ZIP 89031 at $415,000, up 1.7% from a year ago. ZIP 89141 rose 7% to $572,221. ZIP 89052 rose 8.3% to $649,950. But ZIP 89178 dipped 12.4% to $450,000, and ZIP 89131 fell 8.6% to $540,000. Not every ZIP is gaining.
The rate picture and what it means here
Freddie Mac reported a 30-year fixed rate of 7.40% and a 15-year fixed rate of 6.73% as of October 8, 2026. CNBC reported rates above 7.5% earlier in October. The National Association of Realtors counted a 4.9-month national supply, the highest in over ten years. Nationally, existing-home sales fell 2.0% in August 2026, though they are up 1.6% year to date.
Here, though, the picture splits. ZIP 89031 tightened. ZIP 89119 loosened. Rates are the same for everyone, but supply and demand are local. That gap matters for both buyers and sellers picking a price.
- The three months ending August 31, 2026 showed ZIP 89031 with just 2.9 months of supply and sales up 24.1%.
- ZIP 89119 had 7.4 months of supply and sales fell.
- Rates above 7% are real, but they are not hitting every ZIP the same way.
- Pricing to the actual supply in your ZIP is what makes the difference.
One street can read very differently from the ZIP code around it. The numbers above cover whole ZIP codes. Your block may be tighter or looser than that average.
Your next step
(702) 234-5985Text me your address and I will send back where your home sits on that supply picture, against what homes near you actually sold for in the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIPs 89031, 89141, 89149, 89166, 89178, 89084, 89011, 89183, 89123, 89052, 89119, 89179, 89130, 89101, 89143, 89081, 89131, 89148 and 89086, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Freddie Mac: Mortgage Rates, read Oct 10, 2026
- National Association of Realtors: Existing-Home Sales, read Oct 10, 2026
- Redfin: One in Five Home Sellers Cut Prices as Buyer’s Market Persists, Sep 30, 2026
- Realtor.com: Weekly Housing Trends: U.S. Market Update (Week Ending Oct. 3, 2026), Oct 8, 2026
- CNBC: High mortgage rates are trapping homeowners in place, and making renovations harder to afford, Oct 3, 2026
- No Real Estate Data Aggregator numbers for 89181, so this part is from websites alone.