Fewer homes for sale and more price cuts in September 2026

Last month's El Paso numbers are in, and a few of them moved enough to matter. I picked the ones worth your attention and left the rest out.

5.0on Google

Let's talk

Market notes for October 8, 2026

What changed in September 2026

El Paso had 2,520 active listings in September 2026, down 17.2% from a year earlier. New listings were down 7.6% from the month before, so buyers have fewer homes to choose from.

Price cuts picked up. 592 listings had a price reduction, up 5.0% from the month before. Homes also sold faster. The median time on market was 66 days, down 10.8% from a year earlier.

What this means today: buyers should watch for price cuts and be ready to act when the right home shows up. Sellers gain the most by pricing right from day one. Freddie Mac's national average for a 30-year fixed mortgage was 7.28% as of October 1, 2026, up 0.25 percentage points from the week before. That is a national average, not a quote. I'll personally walk through your numbers with you.

The numbers behind this issue

This week's mortgage rate

7.28%

30-year fixed, national average

+0.25 points from the week before

As of October 1, 2026

From Freddie Mac's weekly survey. A national average, not a quote for any loan. Freddie Mac Primary Mortgage Market Survey, via FRED

El Paso at a glance

El Paso metro area, September 2026

Homes for sale: 2,520; -1.2% from the month before; -17.2% from a year earlier
New listings: 758; -7.6% from the month before; -12.3% from a year earlier
Pending sales: 1,230; -3.5% from the month before; +0.4% from a year earlier
Listings with a price cut: 592; +5.0% from the month before; +2.1% from a year earlier
Median list price: $314,987; +1.3% from the month before; +6.0% from a year earlier
Median list price per square foot: $172; 0.0% from the month before; +3.0% from a year earlier
Median days on market: 66; -2.9% from the month before; -10.8% from a year earlier