Who had the edge in the week ending Oct 17, 2026? The gauge says “Leans buyers” (56 out of 100), moving from “Balanced” last week. The main reasons: months of supply at 4.0 (higher than 3.8 a week earlier) and a price cut on 10% of listings.
What changed
- Inventory. Months of supply at 4.0 (higher than 3.8 a week earlier); 5,992 homes were for sale in the metro area.
- The flow of new homes. 471 new listings against 482 the week before, and 344 new pending sales against 363.
- Reductions. 10% of listings had a price cut, about the same as last week’s 10%.
- The rate backdrop. The Freddie Mac 30-year average was 7.40% (week of Oct 15, 2026), about the same as the prior week’s 7.40%.
If you are buying
- This is not the week to wait on paperwork: at 4.0 months of supply, a well-prepared offer stands out.
- Reductions are showing up on about 10 in 100 listings, a reminder that asking price is where negotiation starts.
If you are selling
- New listings ran ahead of new contracts this week. A sharp price and strong photos help a listing get noticed.
- Ask Rudy for the sales and current listings closest to your home before you set a price.
A gauge or an average cannot value a single home. Use this page to understand the market’s mood, then look at the specific homes and streets you care about.