Published October 11, 2026 in Market Update

More homes are coming on, and buyers are still moving

By Donny Piwowarski, Broker

Real estate, Primary market

The one thing that changes what you should do right now: more homes are coming to market, and buyers are still showing up. That combination means sellers need to be sharper on price and condition. It also means buyers have a little more room to look around than they did a year ago.

The Real Estate Data Aggregator counted 1,957 new listings across the Primary market in the three months ending August 31, 2026. That is up 6.2% from the same period last year. Realtor.com reported that active listings nationally are up 6.7% from a year ago, the fastest pace since February. So what is happening here tracks closely with what is happening across the country.

More supply does not mean demand has faded. The Real Estate Data Aggregator counted 1,626 pending sales in the same period. That is up 2.7% from a year ago. Buyers are still moving. They just have a few more homes to weigh before they do.

What rising supply actually means for sellers

When supply grows faster than demand, buyers compare more carefully. Homes for sale in the Primary market rose 4.1%, while homes sold rose only 2.1%. That gap is small, but it is real. Pricing and preparation matter more now than they did a year ago. A home that is priced right and shows well still moves. The Real Estate Data Aggregator shows that across the market, buyers are paying close to asking: several ZIP codes averaged at or above list price in the three months ending August 31, 2026.

How each ZIP code looked

The story reads differently street by street. Here is what the Real Estate Data Aggregator counted for each ZIP code in the three months ending August 31, 2026.

A few ZIP codes stand out. In 95304, the Real Estate Data Aggregator counted new listings up 57.7% and pending sales up 70%. That is a ZIP where both supply and demand moved sharply together. In 95366, pending sales rose 73.1% while new listings rose 17.4%, a sign that demand is outpacing the new supply coming in. On the other side, 95121 and 95122 saw pending sales fall more than new listings did, which means buyers there have a bit more room.

Rates are a real factor right now

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 8, 2026. The 15-year averaged 6.73%. Those are not small numbers. Realtor.com reported that mortgage rates reached 7.28% that same week, the highest level in nearly three years. That affects what buyers can afford, and it affects how urgently some sellers need to move. It is worth knowing when you set a price or make an offer.

Speed and price: what buyers are actually paying

Even with more supply and higher rates, homes in most ZIP codes are selling close to or above their asking price. The Real Estate Data Aggregator shows that in the three months ending August 31, 2026, several ZIP codes averaged above 100% of list price. That tells you demand is real, not just theoretical.

Realtor.com noted that homes nationally are spending one fewer day on the market than a year ago. That lines up with what the Real Estate Data Aggregator shows in most ZIP codes here. In 94550, the median was 18 days. In 95127, it was 17 days. In 95120, just 16 days. Not every ZIP moved faster: 95391 was at 34 days, and 95337 sat at 48 days. Speed varies more than the market-wide number suggests.

The bottom line for this market on October 11, 2026

More homes are coming on. Buyers are still moving, just a little more selectively. The Real Estate Data Aggregator counted 1,957 new listings and 1,626 pending sales in the Primary market in the three months ending August 31, 2026. That is a healthy, functioning market. Not every ZIP tells the same story, though. Rates above 7% are real, and they shape what buyers can do. If you are selling, price and condition carry more weight than they did a year ago. If you are buying, you have a bit more room to look, but well-priced homes in fast ZIP codes are still going quickly.