Published October 12, 2026 in Market Update

Sales rose in the Primary market even with mortgage rates above 7%

By Katy Sinkler

Real estate, Primary market

Freddie Mac put the 30-year fixed rate at 7.40% on October 8, 2026. That is a real cost. Yet buyers kept buying.

The Real Estate Data Aggregator counted 768 homes sold across ZIP codes 29401, 29464, 29403 and 29466 in the three months ending August 31, 2026. That is up 10% from the same months a year earlier. Rates above 7% slowed some buyers nationally, but not here.

Nationally, the National Association of Realtors reported existing-home sales fell 2.0% month over month in August 2026. The Primary market moved the other way. That gap matters if you are thinking about selling.

Supply is tighter, and buyers are still writing contracts

The Real Estate Data Aggregator shows 792 homes for sale across the Primary market, down 2.8% from a year ago. Fewer homes available, more homes sold. That combination tells you demand is real. Pending sales were up 3.8% year over year too, so the pipeline looks solid heading into fall.

Realtor.com reported that active listings nationally were up 6.7% from a year ago as of October 8, 2026. The Primary market is tighter than that national picture. Less competition for sellers here.

How each ZIP code read in the three months ending August 31, 2026

ZIP 29464: the most active ZIP in the market

The Real Estate Data Aggregator counted 285 homes sold in ZIP 29464 in the three months ending August 31, 2026. That is up 23.9% from the same period a year earlier. No other ZIP in the Primary market came close to that pace of growth.

In ZIP 29464, 42% of homes went under contract within two weeks of listing, according to the Real Estate Data Aggregator. That is the highest share of any ZIP in this market. Median days on market sat at 60 days, the shortest of the four ZIPs.

The median sale price in ZIP 29464 was $999,950, up 3.4% from a year ago, per the Real Estate Data Aggregator. Sellers there are getting 97.1% of list price on average. Not every home sold above list, but 9.8% did.

ZIP 29401: the highest prices, and sales moving faster

The Real Estate Data Aggregator put the median sale price in ZIP 29401 at $2,125,000, up 63.5% from a year ago. That is a large move. It reflects the mix of homes that sold, not just price growth alone.

Homes in ZIP 29401 sat on the market a median of 64 days, which is 12 days shorter than a year ago, per the Real Estate Data Aggregator. Supply fell too: only 105 homes were for sale, down 11.8% from a year earlier. Buyers had fewer choices, and they moved.

ZIP 29403: prices held steady, sales picked up a little

The Real Estate Data Aggregator counted 101 homes sold in ZIP 29403 in the three months ending August 31, 2026, up 4.1% from a year ago. The median sale price was $970,000, up just 0.5%. Prices barely moved, but buyers still showed up.

One honest note: the share of homes going under contract within two weeks fell 8.6 points in ZIP 29403, to 31.4%, per the Real Estate Data Aggregator. Homes are selling, but they are taking a little longer to find a buyer than they did last year.

ZIP 29466: steady volume, tightest supply

The Real Estate Data Aggregator counted 302 homes sold in ZIP 29466, unchanged from a year ago. The median sale price was $900,000, up 0.3%. Sellers there got 98% of list price on average, the highest ratio of any ZIP in the market.

Months of supply in ZIP 29466 was 2.8 months, the lowest of the four ZIPs, per the Real Estate Data Aggregator. That means inventory is lean. When supply is that tight, priced-right homes do not sit long.

What rates above 7% mean for this market

Freddie Mac put the 30-year fixed rate at 7.40% on October 8, 2026. The 15-year fixed was 6.73%. Those are real numbers that affect what buyers can afford.

Realtor.com reported that mortgage rates surged nearly 40 basis points in September 2026. That kind of move can shake buyer confidence. But the Real Estate Data Aggregator shows 708 pending sales across the Primary market, up 3.8% from a year ago. Buyers are still going.

The National Association of Realtors reported that existing-home sales are up 1.6% year-to-date through the first eight months of 2026 nationally. The Primary market's 10% rise in sales is well ahead of that pace.

One street can read very differently from the ZIP code around it. The numbers above cover wide areas. Your block may be tighter or slower than the ZIP average suggests.