Published October 25, 2026 in Market Update

Sales are up in Providence/Sky Canyon, even with higher mortgage rates

By Julie

Real estate, Providence/Sky Canyon-89166

The one fact that changes what you should know right now: sales in Providence/Sky Canyon rose 22%, even as Realtor.com reported mortgage rates topping 7% for the first time since January 2025. That tells you demand here is real, not just a headline.

The Real Estate Data Aggregator counted 227 homes sold in ZIP 89166 in the three months ending August 31, 2026. That is up 22% from the same months in 2025. Rates are higher, but buyers are still writing offers.

Pending sales tell an even bigger story

The Real Estate Data Aggregator recorded 244 pending sales in ZIP 89166 for the same period. That is up 41% from a year before. Pending sales show what is coming next. That number points to continued activity.

What buyers are paying, and how close to list

The Real Estate Data Aggregator put the median sale price in ZIP 89166 at $510,000, up 2.1% from a year before. Homes sold at 99.1% of list price on average. That figure held steady from a year ago. Prices did not spike, but they did not slip either.

The median home sat on the market 60 days. That is two days longer than a year before. Not every home sold fast, but most sold close to asking.

More homes to choose from

The Real Estate Data Aggregator counted 284 homes for sale in ZIP 89166 during the period. That is up 19.8% from a year before. More supply means buyers have real choices. Months of supply came in at 3.8 months, down 0.1 months from a year ago.

New listings rose too. The Real Estate Data Aggregator recorded 282 new listings, up 31.2% from the same period in 2025. Sellers are coming to market with confidence.

A small share are selling above list

The Real Estate Data Aggregator found that 13.2% of homes in ZIP 89166 sold above list price during the period. That share rose 3 points from a year before. It is a modest number, but it moved in the right direction.

About 18.4% of homes went under contract within two weeks of listing, according to the Real Estate Data Aggregator. That share was down 5.9 points from a year ago. Most homes are not flying off the shelf, and that is worth knowing if you are pricing yours.

Rates are real pressure, but buyers are adapting

Realtor.com reported that mortgage rates topped 7% for the first time since January 2025. CNBC noted that a monthly payment on a median-priced home was roughly 33% of a median family's income in 2025. That is a real cost. Yet buyers here kept closing.

Redfin reported that U.S. home prices rose 3.8% from a year earlier in September, the fastest annual growth rate since June 2025. The Federal Housing Finance Agency put the year-over-year U.S. price gain at 2.6% through July 2026. Providence/Sky Canyon's 2.1% gain sits in that same range.

One more thing: these numbers cover all of ZIP 89166. One street can read very differently from the whole ZIP code. Your block, your floor plan and your condition all shape your number. Reach out and let's look at what sits closest to your home.