Published October 18, 2026 in Market Update

One part of nv condos is moving with less supply and more contracts

These numbers cover the three months ending August 31, 2026. The clearest fact in this market right now: one ZIP code has very little inventory and a lot of signed contracts. That changes what both buyers and owners should expect.

ZIP 89448: tight supply, rising contracts

The Real Estate Data Aggregator counted 26 homes for sale in ZIP 89448. That is down 36.6% from the same period a year ago. At the same time, pending sales rose 50%, to 27. Fewer choices, more competition.

Buyers in 89448 are working with thin selection. The Real Estate Data Aggregator shows only 27 new listings came on in that period. Demand is clearly outpacing what is coming to market.

That median is up 37.4% from the same three months in 2025, per the Real Estate Data Aggregator. That is a large move. It reflects both fewer homes and more buyers competing for them.

The hard part: homes still took 88 days to sell

The Real Estate Data Aggregator put the median days on market in ZIP 89448 at 88 days. That is 34 days longer than the same period a year ago. Tight supply does not mean instant sales here.

Sellers still need to price carefully. The average sale came in at 94.5% of list price, down 2.1 points year over year, per the Real Estate Data Aggregator. Only 3.3% of homes sold above list price, down 19.8 points from a year ago.

ZIP 89449: more supply, slower pace

ZIP 89449 tells a different story. The Real Estate Data Aggregator counted 72 homes for sale there, with 6.3 months of supply. That is a much softer market than 89448.

Pending sales in 89449 fell 36.2% year over year, to 30. New listings rose 25%, to 55. More homes coming on, fewer going under contract.

ZIP 89413: thin volume, highest prices

ZIP 89413 is a small slice of this market. The Real Estate Data Aggregator counted only 5 homes sold in the three months ending August 31, 2026. The median sale price was $5,500,000.

Supply sits at 11.7 months, per the Real Estate Data Aggregator. That is the loosest of the three ZIPs. With only 5 pending sales and 11 new listings, this segment moves slowly and on its own terms.

The rate backdrop

CNBC reported that Fannie Mae forecasts the average 30-year fixed mortgage rate at 7.4% for the fourth quarter of 2026. Fannie Mae also projects 7.5% for all of 2027.

Realtor.com noted that mortgage rates topped 7% for the first time since January 2025. Nationally, the National Association of Realtors counted 3.99 million existing-home sales in September 2026, up 1.5% from the prior month.

Rates at this level slow decisions. They do not stop them. The signed contracts in 89448 say that clearly.

What this means for owners and buyers

In ZIP 89448, owners are seeing real competition for their homes. Supply is thin. Contracts are up. But 88 days is still a long time to wait. Price and condition still decide the outcome.

Buyers in 89448 have very few options. The Real Estate Data Aggregator shows only 26 homes for sale. Moving carefully still matters, but waiting for more inventory may not pay off.

In ZIP 89449, buyers have more room. Six months of supply means more choices and less pressure. Sellers there need to be realistic: pending sales fell 36.2% year over year.