Published October 11, 2026 in Market Update

Some parts of the market are still moving fast despite higher mortgage rates

Rates are real and they are high. Freddie Mac put the 30-year fixed rate at 7.40% as of October 8, 2026. That is not a small number. But here is what I keep telling people: the rate does not move the same way in every ZIP code. Some parts of this market are still running tight.

The one number that changes what you should do

"How fast are homes actually selling near me?" That is the question I hear most. The answer depends on which street you are on. In ZIP 92691, the Real Estate Data Aggregator counted 39.2% of homes going under contract within two weeks of listing, for the three months ending August 31, 2026. That is nearly 4 in 10 homes. So what: if you are a seller there, waiting to list is a real cost. If you are a buyer, you do not have weeks to think.

ZIP 92780 was almost as fast. The Real Estate Data Aggregator found 39.7% of homes there went under contract within two weeks, for the same period. That share jumped 9.6 points from a year before. So what: that is not a slow ZIP code quietly waiting for rates to fall.

How the ZIP codes stack up on speed

Not every ZIP moved that fast. ZIP 92606 saw only 18.2% of homes go under contract within two weeks, down 4.5 points from a year before, according to the Real Estate Data Aggregator. ZIP 92602 came in at 19.7%, also down 2.1 points. So what: in those areas, buyers have a little more room to breathe.

Supply tells the same story

Months of supply is the clearest "glow up" signal I use. Think of it like a speedometer for seller leverage. The lower it sits, the less time buyers have to wait things out.

ZIP 92691 had just 2.1 months of supply, the tightest in the market, per the Real Estate Data Aggregator. Homes for sale there were down 11.7% from a year before. So what: less inventory plus faster contracts means sellers hold more cards, even at 7.40% rates.

At the other end, ZIP 92624 sat at 4.9 months of supply, up 1.4 months from a year ago, per the Real Estate Data Aggregator. ZIP 92602 also sat at 4.9 months. The National Association of Realtors reported the national supply at 4.9 months, the highest level in over ten years. Those two local ZIPs are right at that national ceiling.

Prices: mostly holding, a few dips

Most ZIP codes held their prices or moved up. A few dipped a little, and that is worth naming plainly.

ZIP 92602 saw the sharpest price drop: down 13% to $2,180,000, per the Real Estate Data Aggregator. Sales there were up 14%, though. So what: more homes sold at lower prices, which can pull the median down even when demand is present.

ZIP 92692 dipped just 0.9% to $1,090,000. That is a small move. The Real Estate Data Aggregator also showed 36.3% of homes there went under contract within two weeks, up 11.1 points from a year before. Prices slipped a touch, but demand did not.

Days on market: shorter almost everywhere

Homes are selling faster than they did a year ago in most ZIPs here. Realtor.com reported homes nationally spent just 1 fewer day on the market than a year ago. Several local ZIPs beat that by a wide margin.

ZIP 92629 cut its median days on market by 14 days from a year before, the biggest drop in the dataset, per the Real Estate Data Aggregator. ZIP 92624 cut 28 days. ZIP 92620 cut 11 days. So what: even where prices softened, homes are moving off the market more quickly than before.

ZIP 92637 went the other way: 6 days longer than a year ago, at 66 days median. That ZIP also had 4.6 months of supply, up 1.4 months. Not every part of the market is tightening.

How much sellers are getting vs. their asking price

Most sellers here are getting very close to their list price. ZIP 92606 averaged exactly 100% of list, per the Real Estate Data Aggregator. ZIP 92780 averaged 99.6% and ZIP 92691 averaged 99.5%. So what: in those ZIPs, cutting your price before you list is giving money away.

ZIP 92602 averaged 96.9% of list, the lowest in the market. That is still close, but it means sellers there gave back more on average. For context, a national report from Realtor.com noted homes are spending only 1 fewer day on market than a year ago, while Freddie Mac's 7.40% rate is pressing on budgets everywhere.

The rate picture: what it means here

Freddie Mac put the 30-year fixed rate at 7.40% and the 15-year at 6.73% as of October 8, 2026. CNBC reported rates hit their highest level in three years, above 7.5%, earlier this month. That is a real headwind for buyers stretching their budgets.

Nationally, the National Association of Realtors reported existing-home sales fell 2.0% month over month in August 2026. Still, sales are up 1.6% year-to-date through the first eight months of 2026, per the National Association of Realtors. The market is slower than it was, but it has not stopped.

Realtor.com reported active listings are up 6.7% from a year ago nationally, the fastest pace since February. Some ZIPs here mirror that. New listings in ZIP 92656 jumped 37.5% from a year before, per the Real Estate Data Aggregator. ZIP 92624 saw new listings rise 57.1%. More supply gives buyers more options in those areas.

All of these numbers cover the three months ending August 31, 2026. They are not today's prices or today's pace. One street can read very differently from the ZIP code it sits in. The numbers above are a starting point, not the final word on your home.