Published October 11, 2026 in Market Update

More homes are on the market in Primary market, even with rates at 7.40%

By Kim Deol - The Deol Team

Real estate, Primary market

Freddie Mac put the 30-year fixed rate at 7.40% as of October 8, 2026. That is a real weight on buyers. But the Real Estate Data Aggregator counted 253 homes for sale across Primary market in the three months ending August 31, 2026, up 17.7% from a year ago. More supply with steady rates means buyers have more to compare. Sellers need to price carefully and show well.

Pending sales across Primary market rose 2.5%, according to the Real Estate Data Aggregator. That tells us buyers are still moving. They are just moving more carefully, because they have more choices and rates are high. Realtor.com noted active listings nationally are up 6.7% from a year ago. Our local gain of 17.7% is well above that pace.

What the rate means for you

Freddie Mac reported the 30-year fixed rate averaged 7.40% as of October 8, 2026. The 15-year fixed averaged 6.73% that same week. Those numbers matter because they set the monthly payment a buyer is working with. The Federal Housing Finance Agency reported U.S. house prices rose 0.3% from the prior month in July, seasonally adjusted. Prices are not falling fast, even with rates this high.

The National Association of Realtors put the national months' supply at 4.9 months, the highest level in over ten years. Primary market is tighter. The Real Estate Data Aggregator counted 2.7 months of supply in ZIP 94568 and 2.2 months in ZIP 94566. That is still a seller's range, even as inventory grows.

How each ZIP code is doing

ZIP 94568: more homes, more buyers

The Real Estate Data Aggregator counted 168 homes sold in ZIP 94568 in the three months ending August 31, 2026. That is up 17.5% from a year ago. Homes for sale jumped 48.5% in the same period. Prices dipped a little, down 1.6% to a median of $1,269,500. Homes still sold in a median of 30 days, five days faster than a year ago. Nearly 3 in 10 homes, 29.2%, sold above list price.

ZIP 94566: fewer homes listed, but strong sale prices

ZIP 94566 tells a different story. The Real Estate Data Aggregator counted 84 homes sold there, down 28.8% from a year ago. New listings fell 7.3% to 101. Fewer homes came to market, and fewer sold. But homes for sale also dropped 16.4%, so the field stayed competitive. The median sale price was $1,689,000, down just 1.2%. Homes sold at 99.2% of list price, up 1 point from a year ago. One in three homes, 33.3%, sold above list price, up 7.9 points.

ZIP 94588: the one that slowed the most

ZIP 94588 had the softest numbers. The Real Estate Data Aggregator counted 55 homes sold, down 9.8%. The median sale price was $1,475,000, down 3.8%, the largest price dip of the three ZIPs. Homes took a median of 33 days to sell, 13 days longer than a year ago. Not every home sold fast here. That said, the sale to list ratio held at 98.9%, and months of supply stayed low at 2.3 months.

Above list price: who is still winning bidding situations

ZIP 94566 had 33.3% of homes sell above list price, up 7.9 points from a year ago, per the Real Estate Data Aggregator. ZIP 94568 was at 29.2%, down 4.4 points. ZIP 94588 came in at 21.8%, down 2.8 points. More inventory gives buyers room to breathe. That is showing up in these numbers.

Speed: how fast homes went under contract

The Real Estate Data Aggregator found that 28.4% of homes in ZIP 94566 went under contract within two weeks of listing, down 4.6 points from a year ago. In ZIP 94568, 22.7% did, down 9.3 points. In ZIP 94588, 22% did, down 12.4 points. Buyers are taking a little more time. Realtor.com noted homes nationally are spending just 1 fewer day on market than a year ago. Our market mirrors that measured pace.