Published October 22, 2026 in Market Update

Primary market sales slipped as buyers had more to choose from

By Rick Ojeda | Carolwood Estates
Real estate, Primary market

Here is the one thing that matters most right now: the Real Estate Data Aggregator counted 1,190 homes sold across the Primary market in the three months ending August 31, 2026, down 3.5% from the same period a year before. Fewer sales means buyers have a little more room to compare. For sellers, it means the price and the prep have to be right, because not every listing is moving.

Primary market at a glance, three months ending August 31, 2026
Homes sold
Down 3.5% from a year before
Homes for sale
Down 2.4% from a year before
New listings
Up 1% from a year before
Pending sales
Down 3.6% from a year before
Source: Real Estate Data Aggregator, the three months ending August 31, 2026

The National Association of Realtors reported that national inventory reached 1.60 million homes in September 2026. That broader supply picture lines up with what the Real Estate Data Aggregator shows here: new listings in the Primary market edged up 1%, giving buyers a few more options than they had a year ago.

Rates are adding to the pause

Freddie Mac put the average 30-year fixed rate at 7.40% as of October 15, 2026. That is a real cost for anyone doing the math on a new payment. It helps explain why pending sales across the Primary market slipped 3.6%, per the Real Estate Data Aggregator.

30-year fixed rate, October 15, 2026 (Freddie Mac)
Source: Freddie Mac, read Oct 21, 2026

Speed and price vary a lot by ZIP code

The Real Estate Data Aggregator shows the spread is wide. In 90230 (Culver City), the median sale price rose 41.7% to $1,050,000 and 35.7% of homes sold above list. In 90403 (Santa Monica), 35.9% of homes went under contract within two weeks. Those are very different stories from 90069 (West Hollywood), where the median sat at 98 days on market and months of supply reached 8.8.

Where homes are selling above list

In 90034 (Los Angeles), the Real Estate Data Aggregator counted 44.9% of homes selling above list price, even as the median price held flat year over year at $1,600,000. In 90292 (Marina Del Rey), only 7.6% sold above list and days on market stretched to 87, up 30 days from a year before. Same metro, very different conditions.

Months of supply tells the seller's story

Months of supply measures how long it would take to sell every home currently listed. Below four months generally favors sellers. Above six generally favors buyers. The Real Estate Data Aggregator shows 90066 (Los Angeles) at 2.9 months, while 90077 (Los Angeles) sits at 11.5 months. Those two ZIPs call for completely different pricing strategies.

A few ZIP codes worth watching

Selected ZIPs compared, three months ending August 31, 2026
90230 Culver City90069 West Hollywood90403 Santa Monica90077 Los Angeles
Median sale price$1,050,000$1,160,000$1,580,000$3,323,500
Median days on market53984842
Months of supply4.98.84.511.5
Sold above list35.7%15.3%34%32%
Under contract in 2 weeks29.4%14.9%35.9%11.8%
Real Estate Data Aggregator. 90069 shows the most supply pressure. 90403 and 90077 moved the fastest by days on market.

Pacific Palisades (90272) stands out for a different reason. The Real Estate Data Aggregator counted 45 homes sold, up 50% from a year before, with a median price of $3,108,578, up 14.1%. Sales there recovered strongly even as the broader market slipped.

In short
  1. The Primary market saw 1,190 homes sold in the three months ending August 31, 2026, down 3.5%.
  2. Inventory held at 2,284 homes, down 2.4%.
  3. The National Association of Realtors put national inventory at 1.60 million in September 2026. Freddie Mac put the 30-year rate at 7.40% on October 15, 2026. Demand is still there, but buyers are comparing more carefully and not every listing is closing at the same pace.

One street can read very differently from its ZIP code. The numbers above are a starting point, not a final answer for your home.

Your next step

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Text me your address and I will send back how your home compares with what actually sold in your ZIP during the three months ending August 31, 2026. Takes a day, costs nothing.

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Where these numbers came from
Rick Ojeda | Carolwood Estates
Carolwood Estates · (310) 902-7676
Privacy policyTerms of useDo not sell or share my informationAccessibility statementFair housing notice
Rick Ojeda is a licensed real estate agent, DRE license #00987794. Market numbers come from MLS records and are believed accurate but not guaranteed. Nothing on this site is an appraisal or a promise of value. If your home is already listed with another broker, this is not a solicitation.
© 2026 Rick Ojeda | Carolwood Estates · Carolwood EstatesEQUAL HOUSING OPPORTUNITY