Published October 11, 2026 in Market Update

More homes are on the market here, but not every part of Primary market feels looser

By Zvi Allman

Real estate, Primary market

The National Association of Realtors counted 4.9 months of supply nationwide, the highest level in over ten years. That is a big shift. But the Real Estate Data Aggregator counted 656 homes for sale and 705 pending sales across Primary market for the three months ending August 31, 2026. More buyers are still lined up than there are homes sitting idle. So yes, there is more choice than last year. No, it is not a free-for-all everywhere. 😊

Pending sales, meaning homes with a signed contract but not yet closed, outnumber active listings by about 50. That gap tells you demand is still real. More supply is arriving, but buyers are absorbing it.

Months of supply: the number that tells you how tight a market really is

Months of supply is simply how long it would take to sell every home currently listed, at today's pace. Under three months is tight. Over six is slow. The National Association of Realtors puts the U.S. at 4.9 months. Primary market is a patchwork.

Two ZIP codes stand out on the looser end. The Real Estate Data Aggregator counted 11.7 months of supply in 10974 and 9.2 months in 10964. Those are buyer-friendly conditions. Homes there are taking longer to sell and sellers are negotiating more.

On the other end, 10980 sits at just 1.4 months of supply. The Real Estate Data Aggregator shows homes there sold in a median 21 days, 12 days faster than the same period last year. Listings dropped 41.3% from a year ago. Less choice, quicker decisions.

Where sellers are still getting above asking, and where they are not

Sale-to-list ratio is the average sale price divided by the asking price. Above 100% means buyers paid over asking. Below 100% means sellers took less. It is a clean read on who has leverage.

In 10980, the Real Estate Data Aggregator shows 65.8% of homes sold above list price. Sellers there got, on average, 102.1% of their asking price. In 10974, the average was 97.3% of list, and fewer than half of homes sold above asking. That is a meaningful difference when you are pricing a home.

A closer look at the bigger ZIP codes

Three ZIP codes had more than 60 homes for sale in this period. Here is what the Real Estate Data Aggregator showed for each.

In 10977, the Real Estate Data Aggregator counted 104 homes for sale, the most of any ZIP here. Supply rose 9.5% from a year ago. Homes are sitting about 11 days longer than last year. The share that sold above asking fell 24.4 points, to 24.7%. Sellers there have less room to push price.

In 10956, supply is up 50% from a year ago, yet 56.4% of homes still sold above list. The median was 24 days. That ZIP added inventory and kept its pace. Not every market loosened the same way.

ZIP 10952 had 73 homes for sale. The Real Estate Data Aggregator shows 50 days on market, 11 days longer than last year. The sale-to-list ratio slipped to 97.4%. Buyers there are getting a little more breathing room than they had.

What about mortgage rates right now?

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 8, 2026. The 15-year fixed averaged 6.73%. CNBC reported rates hit their highest level in three years, above 7.5%, in early October. Higher rates slow some buyers down. That is part of why more homes are sitting longer in some ZIP codes.

Realtor.com reported active listings nationally are up 6.7% from a year ago, the fastest pace since February. That lines up with what the Real Estate Data Aggregator shows here locally: more homes coming to market in most ZIP codes, but demand is still absorbing a good share of them.

The ZIP codes where things got tighter, not looser

Not every ZIP got more room. A few actually tightened. The Real Estate Data Aggregator shows 10980 lost 57.5% of its inventory from a year ago. Supply fell to 1.4 months. New listings dropped 41.3%. Homes there are selling in 21 days on average, and 65.8% went above asking. That is a snug market by any measure.

ZIP 10960 also tightened. Months of supply fell 1.2 months from last year, to 2.9 months. Homes for sale dropped 11.4%. The median price rose 18.4%, to $805,000. More buyers chasing fewer homes.

A few ZIP codes with limited data

ZIPs 10931, 10964, 10968, 10974, 10984, 10986 and 10993 had smaller transaction counts in this period. The Real Estate Data Aggregator still counted homes for sale, new listings and pending sales for each. But with fewer sales, one or two unusual transactions can move the numbers a lot. Take those figures as a direction, not a firm line.

One street can read very differently from the ZIP code around it. A block with three new listings and one motivated seller changes the math fast. If you want to know where your street sits in all of this, that is the conversation worth having.