Following is an recap of market activity in Quail Creek for the month of October 2026.
We begin the month of November with 89 active listings, setting a new all-time record for listings in Quail Creek, eclipsing the previous record of 83 at the start of June. We began the month of October with 68 listings.
Of the 89 listings currently on the market, 80 are single family homes, 9 are Villas. There were 30 new (or returning) listings in October, and 8 listings were taken off the market. There are currently 11 listings under contract; 8 of those went under contract in October, and 6 listings closed escrow.
There have been 138 closed sales in Quail Creek so far this year, up from 126 at this point last year — a 10% increase in sales so far this year.
Mortgage Rates Remain Elevated as Housing Inventory Grows
Late-October reports point to modest relief for homebuyers: mortgage rates have eased slightly, inventory has expanded and national home prices are beginning to soften. However, borrowing costs remain elevated (above 7 percent), and persistent inflation clouds the outlook.
Freddie Mac’s average 30-year fixed mortgage rate fell for a second consecutive week to 7.24 percent on October 29, down from 7.32 percent the previous week. The average mortgage rate at this time last year was 6.17 percent. On a $400,000 mortgage, that difference adds approximately $285 per month in principal and interest, illustrating why affordability remains strained despite the recent decline.
Purchase applications remain 18 percent below year-earlier levels; Adjustable-rate mortgages (ARMs) accounted for 11.3 percent of applications, their highest share in more than a year.
The Federal Reserve held short-term rates steady this week, but inflation of 3.6 percent — above its 2 percent target — kept expectations for a December hike elevated. Mortgage rates are influenced by bond markets and investor demand, so they do not move directly with Fed decisions or Treasury yields.
Despite the recent improvement, the cited October Fannie Mae forecast projected average mortgage rates of 7.4 percent% in the fourth quarter and 7.5 percent in 2027. Upcoming inflation, employment and economic-growth reports will help determine whether the recent rate relief continues.
What’s happening in Quail Creek?
Quail Creek enters November with a record-high 89 resale listings, expanding available inventory as the traditional September-through-Thanksgiving selling season enters its final weeks.
Showing activity has slowed amid economic uncertainty and mortgage rates that, despite easing recently, remain above 7 percent. Most sales activity is concentrated at $500,000 and below, while higher-priced homes are experiencing slower movement.
Cash purchases account for 51 percent of year-to-date sales, with 68 percent of those transactions below $500,000 and 81 percent below $600,000. This concentration suggests that cash demand is providing more support in the lower price ranges, while higher-priced properties remain more exposed to financing costs and a smaller pool of active buyers.
Seasonal demand may provide some support through year-end as part-time residents seek winter homes. Lower-priced properties and furnished listings may hold particular appeal for purchasers seeking a winter retreat they can begin using shortly after closing.
With inventory elevated and the fall selling window narrowing, market activity may remain subdued through December. Longer selling times are likely to remain a feature of the market, particularly above $500,000, unless demand strengthens.