Tualatin stays tight even with mortgage rates above 7%
CNBC reported the average 30-year fixed rate hit 7.49% the week of October 7, 2026. That is the headline. Here is the local one: the Real Estate Data Aggregator counted just 2.4 months of supply in ZIP 97062 for the three months ending August 31, 2026. Tight supply still supports sellers. Buyers need to be ready to move.
Nationally, Realtor.com counted 1.16 million active listings in September 2026 and reported that price cuts hit 20.8% of listings, the highest share since October 2022. Tualatin is not that market. The Real Estate Data Aggregator shows homes for sale in 97062 fell 26.6% from a year before, down to 69 homes. Fewer choices means less room to negotiate.
Homes still move fast here
The Real Estate Data Aggregator shows the median home in 97062 sold in 20 days during the three months ending August 31, 2026. That is 7 days faster than the same period in 2025. Nearly 3 in 10 homes, 29.6%, sold above list price. The average sale came in at 100.2% of list. Buyers who wait to get pre-approved often lose.
Speed at the front end
The Real Estate Data Aggregator found that 37.2% of Tualatin homes went under contract within two weeks of listing during the three months ending August 31, 2026. That share is up 1.5 points from a year before. More than 1 in 3 homes are gone before most buyers even schedule a tour.
The honest part: fewer sales overall
Not every number points up. The Real Estate Data Aggregator counted 88 homes sold in 97062 for the three months ending August 31, 2026, down 20.7% from a year before. Pending sales fell 32.2% to 78. CNBC reported that mortgage applications to purchase a home were 15% lower than the same week a year ago. Higher rates are keeping some buyers on the sideline. That is real. But the homes that do sell are moving fast and at or above list.
What the national picture adds
The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Tualatin's 1.6% price gain from the Real Estate Data Aggregator is a little below that pace. Prices did not surge here, but they did not slip either. That is a steady position for owners.
- Rates are high at 7.49% per CNBC, but Tualatin's own numbers from the Real Estate Data Aggregator tell a different story than the national one.
- Supply is tight at 2.4 months.
- The median home sold in 20 days.
- Prices edged up 1.6%.
- One street can read very differently from the ZIP code as a whole, so your specific block matters.
Your next step
(503) 300-6224Text me your address and I will send back how your Tualatin home compares with what actually sold in 97062 during the three months ending August 31, 2026. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIP 97062, the three months ending August 31, 2026, compared with the same months of 2025. Real Estate Data Aggregator last updated them on Oct 7, 2026.
- Federal Housing Finance Agency: FHFA House Price Index® Up 0.3 Percent in July; Up 2.6 Percent from Last Year | FHFA, Sep 29, 2026
- Redfin: One in Five Home Sellers Cut Prices as Buyer’s Market Persists, Sep 30, 2026
- Realtor.com: September 2026 Monthly Housing Trends: Price Cuts Hit 4-Year Highs as Mortgage Rates Top 7%, Sep 30, 2026
- Realtor.com: August 2026 Rental Report: Rents Fall for 37th Straight Month as Concessions Give Renters More Leverage, Sep 17, 2026
- CNBC: Refinance demand is now half what it was a year ago, as mortgage rates rise again, Oct 7, 2026