Published September 30, 2026 in Market Update

Primary market inventory is down even as new listings hold steady

By Marco Rodriguez

Real estate, Primary market

The one fact that changes what you should do: inventory in this market fell 9.8% from a year ago. The Real Estate Data Aggregator counted 276 homes for sale across the Primary market in the three months ending July 31, 2026. That is down from a year before, even as new listings rose 0.6%. Less competition for sellers. Fewer choices for buyers.

New listings came in at 321 across the market, per the Real Estate Data Aggregator. That is nearly flat from a year ago. But homes for sale still shrank. That tells you homes are selling faster than they are piling up. Buyers have a smaller pool to choose from.

The National Association of Realtors put the national months of supply at 4.9 months. That is the highest in over ten years, nationally. Here in the Primary market, the story is tighter. The Real Estate Data Aggregator shows supply ranging from 2.9 months in ZIP 90045 to 5.7 months in ZIP 90301. Your ZIP code is not the national average.

What each ZIP showed

ZIP 90232 had the sharpest inventory drop. The Real Estate Data Aggregator counted only 23 homes for sale there, down 42.5% from a year ago. The median sale price was $2,100,000, up 5.7%. Homes sold in a median 29 days, which was 34 days faster than a year before. More than 65% of homes sold above list price.

ZIP 90045 also tightened. The Real Estate Data Aggregator counted 83 homes for sale, down 12.6%. The median sale price reached $1,760,000, up 10.2%. Median days on market fell to 34, which was 17 days shorter than a year ago. Pending sales jumped 38.6%.

ZIP 90305 moved more slowly. The Real Estate Data Aggregator recorded a median of 92 days on market, which was 43 days longer than a year ago. The median sale price dipped 1.3% to $790,000. Only 14.8% of homes sold above list price, down 12.1 points. Not every corner of this market is moving at the same speed.

ZIP 90301 also took longer to sell. The Real Estate Data Aggregator showed a median of 69 days on market, 10 days longer than a year ago. The median sale price slipped 4.8% to $742,500. Supply there ticked up to 5.7 months. Buyers in that ZIP have a bit more room to negotiate.

Rates and the national picture

Freddie Mac put the 30-year fixed rate at 7.03% as of September 24, 2026. The 15-year fixed averaged 6.42%. Rates shape what buyers can afford, and that affects how many offers a seller sees.

Nationally, the National Association of Realtors reported existing-home sales fell 2.0% month over month in August 2026. Year to date through the first eight months of 2026, sales were up 1.6%. The Federal Housing Finance Agency reported U.S. house prices rose 2.1% year over year through the second quarter of 2026.

Realtor.com tracked 1.17 million active listings nationally for the week ending September 19, 2026. The typical U.S. listing sat on the market 61 days, one day faster than a year ago. Our Primary market, at a median of 34 days in ZIP 90045 and 29 days in ZIP 90232, is moving well ahead of that national pace.