Published October 11, 2026 in Market Update

One part of Bernalillo County is moving faster even with longer market times

Mortgage rates just crossed 7% again. Realtor.com reported that rates surged above 7% for the first time since January 2025. CNBC put the average 30-year fixed rate at 7.49% as of October 7, 2026. That is the number every seller and buyer in Bernalillo County is working around right now.

Despite that, one ZIP code here kept moving. The Real Estate Data Aggregator counted 64 pending sales in 87102 in the three months ending August 31, 2026. That is up 25.5% from the same months of 2025. Buyers are still signing contracts there.

What is happening in 87102

The Real Estate Data Aggregator put the median sale price in 87102 at $285,000 for the three months ending August 31, 2026. That is up 14% from a year before. Prices moved up even as rates climbed.

The strong pending number is real. But 70 days on market is also real. That is 32 days longer than the same period of 2025, according to the Real Estate Data Aggregator. Buyers are active, but they are taking more time to decide. Prep and pricing still matter.

The Real Estate Data Aggregator found that homes in 87102 sold for 98.1% of list price on average. That is up 1.1 points from a year ago. Sellers are not giving much away. Still, only 6.5% of homes sold above list price. Most sales are landing right at or just under asking.

New listings in 87102 fell 5.5% from a year ago, the Real Estate Data Aggregator reported. Fewer homes coming to market, and more going under contract. That combination is what pushed prices up 14%.

How 87102 compares with 87104 and 87106

Not every part of Bernalillo County looks the same. The Real Estate Data Aggregator showed very different stories in 87104 and 87106 for the same three months.

In 87104, the Real Estate Data Aggregator counted 40 homes sold and 43 pending sales. The median sale price was $365,000, down 15.1% from a year ago. Homes are selling faster there, with a median of 38 days on market. But the price dip is a real admission: more homes for sale and fewer new listings pushed the price down.

In 87106, the Real Estate Data Aggregator counted 87 homes sold. The median sale price was $425,000, up 11.8%. But pending sales fell 12.1% from a year ago. Fewer homes are going under contract even though prices rose. Supply there dropped 26.5%, which helped prices, but demand is cooling.

What the national picture adds

Nationally, Realtor.com reported that 20.8% of listings took a price cut in September. That is the highest share since October 2022. Active listings nationally grew 5.5% year over year, topping 1.16 million homes, Realtor.com said. Bernalillo County is not immune to those pressures.

The Federal Housing Finance Agency reported that U.S. house prices rose 2.6% from July 2025 to July 2026. Month over month, prices rose 0.3% in July, seasonally adjusted. Local gains in 87102 and 87106 are running ahead of that national pace.

What this means if you own in 87102

Pending sales up 25.5% means buyers are still choosing your ZIP code. That can support your price. But 70 days on market means you should not expect a fast close without the right prep and the right number. Homes there sold for 98.1% of list on average. Price close to that and you are in range.

What this means if you are buying in 87102

More homes are going under contract even with rates above 7%. The Real Estate Data Aggregator found that 20.3% of homes in 87102 went under contract within two weeks of listing. That share is up 2.6 points from a year ago. Some homes move quickly. Know your number before you look.

One street can read very differently from the whole ZIP code. The numbers above cover broad areas. Your block, your home type, your price point may sit in a different spot entirely. Text me and I will take a closer look.