Published October 11, 2026 in Market Update

More homes are hitting the market, and many are still moving fast

By Alex Saavedra

Real estate, Primary market

The one thing sellers and buyers should both know right now: more homes are coming to market, but the best-priced ones are not waiting around. The Real Estate Data Aggregator counted 978 new listings across the Primary market in the three months ending August 31, 2026. That is up 8.8% from the same three months a year before. Buyers have a little more to choose from. Sellers, though, still need a clean launch.

Realtor.com reported that active listings nationally are up 6.7% from a year ago, the fastest pace since February. Our local numbers, from the Real Estate Data Aggregator, are running ahead of that. More supply is real. But it has not slowed the quickest ZIP codes.

Nearly half of homes in some ZIP codes went under contract within two weeks

In ZIP 92117, the Real Estate Data Aggregator found that 47.3% of homes went under contract within two weeks of listing. That share is up 15.1 points from a year ago. In ZIP 92120, the figure was 47.1%, up 18.2 points. Those are not slow markets. They reward sellers who price right from day one.

ZIP 92108 tells a different story. There, 23.4% of homes went under contract within two weeks. Median days on market sat at 50, one day longer than a year ago. Not every home sold fast. That is an honest admission worth making before you set a price.

Prices moved in different directions across ZIP codes

The Real Estate Data Aggregator shows the median sale price in ZIP 92116 rose 20.7% to $1,182,500. In ZIP 92117 it rose 12.5% to $1,157,500. But in ZIP 92120 the median dipped 13% to $1,000,000, and in ZIP 92123 it fell 12.2% to $889,500. Price direction varied a lot by ZIP code. That is why the market-wide number does not tell the full story for your street.

Homes are still selling close to list price

Across most ZIP codes, homes sold very close to their asking price. The Real Estate Data Aggregator put the average sale-to-list ratio at 100% in both ZIP 92020 and ZIP 92117. In ZIP 92020, 45.3% of homes sold above list price, up 17.7 points from a year ago. Even in ZIP 92107, where the ratio was 97.6%, sellers still captured nearly their full asking price.

Mortgage rates are adding pressure for buyers

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 8, 2026. The 15-year fixed averaged 6.73%. Realtor.com noted that rates reached 7.28% that same week, calling it the highest level in nearly three years. CNBC reported that owning a home now takes 28% of the national median income. Renting takes 26%. That gap is narrow, but it is real, and it shapes what buyers can offer.

Sales and pending activity are up across the Primary market

The Real Estate Data Aggregator counted 769 homes sold across the Primary market in the three months ending August 31, 2026. That is up 7.4% from a year before. Pending sales reached 804, up 2.3%. More homes are moving. The National Association of Realtors reported that existing-home sales nationally are up 1.6% year-to-date through the first eight months of 2026. The local pace is running ahead of that national figure.

Homes for sale across the Primary market totaled 623, down 4% from a year ago. So even with more new listings coming in, the total stock on hand is a little leaner. That is part of why well-priced homes move quickly.

One street can read very differently from the ZIP code around it. These numbers cover the three months ending August 31, 2026, and they are a starting point, not the whole picture for your home. I am happy to pull the numbers for your specific address and show you what is actually happening nearby.