Published September 29, 2026 in Market Update

Higher mortgage rates are meeting steady demand in the Primary market

By Roberta Robledo

Real estate, Primary market

Freddie Mac reported the 30-year fixed rate averaged 7.03% as of September 24, 2026. That is a real cost. It changes what buyers can afford. But it has not stopped them from making offers here.

The Real Estate Data Aggregator counted 2,712 pending sales across the Primary market in the three months ending July 31, 2026. That is just 0.3% below the same period last year. With rates where they are, that kind of steady demand means something.

Thank you for taking time to read this. I know rate news can feel heavy. So I want to show you what is actually happening here, ZIP by ZIP.

Buyers are still active, even with higher payments

The National Association of Realtors reported existing-home sales rose 1.6% year-to-date through the first eight months of 2026. Nationally, more sellers than buyers exist right now. But our Primary market tells a different story.

The Real Estate Data Aggregator counted 2,630 homes sold across the Primary market in the three months ending July 31, 2026. That is up 3.7% from the same three months in 2025.

Fewer homes are coming to market. That matters. When supply drops and buyers stay active, the balance shifts toward sellers. 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.

How each ZIP code read in the three months ending July 31, 2026

Not every ZIP moves the same way. Here is what the Real Estate Data Aggregator counted, ZIP by ZIP.

Where homes moved fastest

In ZIP 87112, the Real Estate Data Aggregator counted a median of 23 days on market. That was 9 days shorter than the same period last year. In ZIP 87113, homes sat a median of just 20 days, 13 days shorter than a year before.

Where prices rose and where they dipped

Most ZIPs saw prices climb. A few dipped a little. That is honest, and it matters if you are thinking about your own home.

ZIP 87107 saw the biggest price gain, up 13.4% year over year according to the Real Estate Data Aggregator. ZIP 87104 showed a 24.9% drop, but only 42 homes sold there in the period. A small number of sales can move a median price a long way.

How quickly buyers are committing

The share of homes going under contract within two weeks of listing tells you how eager buyers really are. Even at 7.03% rates, some ZIPs are seeing strong quick-contract numbers.

In ZIP 87113, the Real Estate Data Aggregator found that 43.6% of homes went under contract within two weeks. That was up 18.1 points from a year before. In ZIP 87121, it was 42.7%, up 7.4 points. Buyers in those areas are not waiting.

Supply is tighter than it looks nationally

The National Association of Realtors reported a national supply of 4.9 months, the highest in over ten years. Our Primary market is a different picture. The Real Estate Data Aggregator counted homes for sale down 10.2% across the Primary market compared with a year before.

ZIP 87110 had just 1.6 months of supply. ZIP 87112 had 1.8 months. ZIP 87121 had 1.8 months. Those are tight conditions for buyers, even with higher rates. ZIP 87031 had 5.2 months, the most in the market, which means more choice and more time for buyers there.

What this means for you

Freddie Mac put the 30-year rate at 7.03% as of September 24, 2026. That is a real number that changes monthly payments. But the Real Estate Data Aggregator shows 2,712 pending sales here, just 0.3% below last year. Serious buyers are still active.

Not every home sells fast. ZIP 87102 had a median of 61 days on market, up 22 days from a year before. ZIP 87031 sat at 60 days. Pricing and condition still matter a great deal.

All of these numbers cover the three months ending July 31, 2026. They are a real count of this market's homes, from the Real Estate Data Aggregator. The rate figures come from Freddie Mac and Realtor.com. National sales figures come from the National Association of Realtors and the Federal Housing Finance Agency.

One street can read very differently from the whole ZIP code. If you want to know what is happening right at your address, I am glad to look into it for you. Thank you so much for reading.