Today’s Market
A short, plain-English look at the housing market, with national numbers and a local look at Sumner County, Tennessee.
National Market Snapshot
- Mortgage rates: the 30-year fixed rose to 7.40% and the 15-year to 6.73%, the highest 30-year reading since November 2023 (Freddie Mac, October 8, 2026).
- Sales activity: existing-home sales fell to 3.98 million (annualized) in August, the slowest pace since June 2025.
- Inventory: 1.62 million homes for sale, a 4.9-month supply and the highest in over a decade (NAR). About 20.8% of listings cut their price, and the median list price fell to $419,250.
- Home prices: the national median existing-home price rose 1.6% to $429,100, the 38th straight month of gains.
National figures as of October 12, 2026.
Local Spotlight: Sumner County, TN
| Measure (July 2026) | Sumner County | Vs. a year earlier |
|---|---|---|
| Median sale price | $468,077 | +4.7% |
| Homes sold | 308 | −20.4% |
| Median days on market | 69 | +7 days |
| Sale-to-list price ratio | 98.9% | +0.4 pt |
| Homes sold above list price | 17.8% | +3.9 pt |
| Homes with price drops | 22.6% | +1.0 pt |
Sumner County prices are still edging up, but fewer homes are selling and they take about a week longer to sell than a year ago. Homes are selling for about 99% of list price, so well-priced homes still get offers, while roughly one in five listings has cut its price. Pricing it right from day one matters.
Sources: Freddie Mac, National Association of Realtors, Redfin (Sumner County data).
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