Published October 2, 2026 in Market Update

Primary market demand stayed up while listings stayed flat

Sales jumped 14.5% while new listings slipped just 0.7%. That gap tells you something important: demand grew faster than supply could keep up.

The Real Estate Data Aggregator counted 591 homes sold across ZIP codes 85295, 85296 and 85248 in the three months ending July 31, 2026. That is up 14.5% from the same months a year before. Meanwhile, new listings across the same three ZIPs came in at 603, down 0.7% from a year ago. More buyers, nearly the same number of new homes to choose from.

The national picture looked different. The National Association of Realtors reported 4.9 months of supply nationally, the highest level in over ten years. Our market had far less. That contrast matters for anyone pricing a home here.

How each ZIP code moved

Not every ZIP moved the same way. Here is what the Real Estate Data Aggregator found for each one in the three months ending July 31, 2026.

ZIP 85295: steady, with homes selling faster

The Real Estate Data Aggregator counted 158 homes sold in 85295 in the three months ending July 31, 2026. That was down 1.9% from a year before. Not every ZIP shared in the overall gains. The median sale price came in at $540,000, down 0.9%. Prices dipped a little, but homes moved faster. The median days on market fell 7 days shorter to 46 days. Sellers got 98.7% of list price on average, up 0.4 points. About 28.3% of homes went under contract within two weeks of listing, up 3.9 points.

ZIP 85296: the strongest sales growth of the three

The Real Estate Data Aggregator counted 191 homes sold in 85296, up 11% from a year ago. The median sale price was $575,000, up 1.3%. Homes here sold in a median of 42 days, which was 9 days shorter than a year before. Nearly a third of homes, 33.9%, went under contract within two weeks. That share rose 7.8 points in a year. Homes for sale fell 1%, leaving just 3 months of supply.

ZIP 85248: the biggest sales jump, but prices fell

The Real Estate Data Aggregator counted 242 homes sold in 85248, up 32.2%. That was the largest year-over-year sales gain of the three ZIPs. Even so, the median sale price fell 5.4% to $534,500. More homes sold, but at lower prices. Days on market sat at 75, the longest of the three, though 3 days shorter than a year before. Homes for sale dropped 23.1%, leaving only 2.5 months of supply.

Rates rose sharply as this period closed

Freddie Mac put the average 30-year fixed rate at 7.28% as of October 1, 2026. The 15-year fixed averaged 6.60% the same day. Realtor.com reported that mortgage rates crossed 7% in late September for the first time since January 2025. CNBC reported the average contract rate for 30-year conforming loans increased last week to 7.30%. Rates rose nearly 40 basis points over the past four weeks, according to Realtor.com. That is a real change for anyone doing the math on a monthly payment.

Realtor.com also reported active listings up 6.3% nationally from a year ago, the fastest pace in at least six months. Our market moved the other way. The Real Estate Data Aggregator showed homes for sale across the Primary market down 11.3% from a year ago. Local supply tightened while national supply grew.

What this means for timing and price

Pending sales across the Primary market reached 590 in the three months ending July 31, 2026, up 5.7%. Buyers are still moving. But with rates now above 7% and supply tight, pricing a home right matters more than ever. Homes that are priced well are still going fast. In 85296, more than 1 in 3 homes went under contract within two weeks.

Not every home sold quickly, though. In 85248, the median sat at 75 days on market. And in that same ZIP, prices fell 5.4% even as sales volume surged. Volume and price do not always move together.