Victoria sellers still had leverage despite 7% mortgage rates
CNBC reported the average 30-year fixed rate hit 7.49% on October 7, 2026. That is a real cost. Yet the Real Estate Data Aggregator counted 56 homes sold in ZIP 55386 in the three months ending August 31, 2026. Well-priced homes still drew strong offers.
That 39.3% share is up 14.7 points from the same months in 2025, according to the Real Estate Data Aggregator. Nearly 4 in 10 sellers got more than they asked. That is not a soft market.
The Real Estate Data Aggregator put the average sale at 100.3% of list price, up 1 point from a year before. Sellers who priced well did not have to give ground. Buyers, plan for competition even at today's rates.
How fast did homes move?
The Real Estate Data Aggregator found that 49% of Victoria homes went under contract within two weeks of listing. That share jumped 17.6 points in one year. Median days on market held at 23 days, unchanged from 2025. Speed did not slow.
What about the median price drop?
The Real Estate Data Aggregator put the median sale price in ZIP 55386 at $580,561, down 14% from the same months in 2025. That is a real dip and worth knowing. But prices falling and above-list sales rising at the same time can happen. It often means the mix of homes sold shifted, with fewer large homes closing this period.
The Real Estate Data Aggregator counted only 36 homes for sale, down 10% from a year before. Supply stayed tight. New listings rose 4.8%, so more sellers came to market, but inventory did not pile up.
The national picture
Realtor.com reported mortgage rates climbed above 7% for the first time since January 2025. Nationally, Realtor.com found that 20.8% of listings saw price cuts in September, the highest share since October 2022. Victoria did not follow that pattern. The Real Estate Data Aggregator shows above-list sales rising, not falling.
The Federal Housing Finance Agency reported U.S. home prices rose 2.6% from July 2025 to July 2026. Victoria's median price moved differently, down 14% in this period. One market does not always match the national trend.
- Rates are above 7%, confirmed by CNBC and Realtor.com.
- Still, the Real Estate Data Aggregator shows Victoria homes selling in 23 days, closing at 100.3% of list, and nearly 4 in 10 going above asking.
- Supply is tight at 2 months.
- One street can read very differently from the whole ZIP code.
Your next step
(952) 200-9461Text me your address and I will send back how your Victoria home compares with the 39.3% that sold above list price in ZIP 55386. Takes a day, costs nothing.
Text me- Real Estate Data Aggregator numbers for ZIP 55386, 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