Published October 4, 2026 in Market Update

Primary market still moved 2,155 homes even with 7.28% mortgage rates

By Cecilia De Villiers

Real estate, Primary market

Freddie Mac put the average 30-year fixed rate at 7.28% as of October 1, 2026. That is the headline number everyone is talking about. But here is what it did not stop.

The Real Estate Data Aggregator counted 2,155 homes sold and 2,125 pending sales across the Primary market. Pricing and timing still matter when that many homes are moving.

Nationally, the National Association of Realtors reported existing-home sales were up 1.6% year-to-date through the first eight months of 2026. Our local numbers tracked that same direction.

Rates really did cross 7%

Realtor.com noted on October 1, 2026 that mortgage rates crossed 7% for the first time since January 2025. CNBC reported on September 30, 2026 that the average contract rate on 30-year conforming loans reached 7.30%. Those are real costs buyers are carrying right now.

Still, 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. Prices moved up slowly, not sharply.

How each ZIP code read in the same period

Not every ZIP moved the same way. Some sold faster. Some sat longer. Here is the median price and days on market for each one, from the Real Estate Data Aggregator.

Where prices dipped and where they climbed

Some ZIP codes saw prices slip a little compared with a year ago. That is worth knowing before you pick a number.

ZIP 80503 led with a median price up 8.9% to $747,500, per the Real Estate Data Aggregator. ZIP 80303 saw the steepest dip, down 11.6% to $724,700. Not every ZIP told the same story.

Supply: most ZIPs still lean toward sellers

Six months of supply is the line that separates a seller's market from a buyer's market. Most ZIP codes in this market sat below that line.

Nationally, the National Association of Realtors put supply at 4.9 months, the highest in over ten years. Most ZIP codes here came in below that national figure.

How fast homes went under contract

The Real Estate Data Aggregator tracked the share of homes that went under contract within two weeks of listing. This tells you how sharp competition was at the front end.

ZIP 80020 stood out. The Real Estate Data Aggregator counted 53.9% of its homes under contract within two weeks. That is more than half, even at 7.28% rates.

A note on ZIP 80651

ZIP 80651 had only 8 homes sold in the period, per the Real Estate Data Aggregator. With just 8 sales, each one moves the numbers a lot. Read those figures with that in mind.

The Real Estate Data Aggregator put the average sale-to-list ratio in 80651 at 93.1%, and no homes sold above list price. With 10.7 months of supply, sellers there face a different set of conditions than most of this market.

What this means for you

Freddie Mac's 7.28% rate is real. Buyers are feeling it. But the Real Estate Data Aggregator's count of 2,155 sales shows demand did not stop. Pricing to the right number still moves homes. Sitting above it still stalls them.

Realtor.com reported active listings up 6.3% from a year ago nationally. More choices for buyers means pricing precision matters more, not less.