Published October 11, 2026 in Market Update

Primary market inventory is down even with more new listings

By Vanessa Aragon

Real estate, Primary market

Here is the number that changes what you should do: inventory is falling while new listings are rising. That gap tells you something real about this market right now.

The Real Estate Data Aggregator counted 1,570 homes for sale across the Primary market in the three months ending August 31, 2026. That is down 8.1% from a year ago. At the same time, new listings rose 1% to 1,379. More homes are coming to market, yet the total on the shelf keeps shrinking. That means homes are moving off faster than they are piling up.

For sellers, less competition can help. But sharp pricing still matters. The Real Estate Data Aggregator shows homes sold were up 2.5% to 1,250, so buyers are active. Pending sales dipped 2.9% to 1,298, a small reminder that not every home under contract closes quickly.

How the national picture compares

The National Association of Realtors reported 4.9 months of supply across the U.S., the highest level in over ten years. Most ZIP codes in this Primary market sit well below that. Less supply here than nationally is worth noting if you are weighing your options.

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 8, 2026. That is a real cost for buyers and it shapes how many can act. Fewer buyers who can afford to move means the ones who do show up tend to be serious.

What each ZIP code showed

The story is not the same everywhere. Here is how months of supply looked across each ZIP code in the three months ending August 31, 2026, according to the Real Estate Data Aggregator.

85253 had 5.1 months of supply, the most of any ZIP, and days on market there ran 106 days. That is the slowest pace in the market. 85254 had just 3.3 months of supply, down 1.3 months from a year ago, and a median sale price of $940,500, up just 0.1%. Tight supply does not always mean fast price gains.

Speed: who went fast and who waited

85032 moved fastest, with a median of 52 days on market, 4 days shorter than a year ago. 85258 also came in at 61 days, 11 days shorter than last year. 85054 slowed the most, up 37 days to 88 days on market. Not every home sold fast, and the ZIP code you are in matters a lot.

Prices: some ZIP codes moved a lot

85054 saw a median sale price of $905,000, up 33.5% from a year ago. But homes sold there fell 38.2% to just 42. A big price jump on a small number of sales can move the median in ways that do not reflect every home. 85258 rose 20.1% to $970,000 on 175 sales, a steadier read.

Quick contracts: more homes are moving in two weeks

Across every ZIP code, the share of homes going under contract within two weeks of listing rose from a year ago. The Real Estate Data Aggregator showed 85032 led at 26.5%, up 4.4 points. 85254 was close at 25.7%, also up 4.4 points. Even in slower ZIP codes, well-priced homes are still finding buyers quickly.

Sale price as a share of list price

Most ZIP codes came in between 96% and 97% of list price, meaning sellers gave up a little but not much. 85253 was the lowest at 94.8%, though that was up 0.5 points from a year ago. 85032 was the strongest at 97.5%. Pricing close to market value still gets results.

These numbers cover the three months ending August 31, 2026. One street can read very differently from its whole ZIP code. If you want to know what the inventory picture looks like for your specific address, text me and I will pull it for you.