Greater San Diego Association of REALTORS® March 2026 Report: Buyer's Market Emerges Amidst Low Sales and Rising Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market in March 2026 registered a single sale amidst 7 new listings, according to the Greater San Diego Association of REALTORS®. Active listings rose to 14, contributing to a months of inventory figure of 7.7, signaling a buyer's market.

Market Analysis

The Greater San Diego market experienced a notable shift towards buyers in March 2026. With only one total sale recorded, the market saw 7 new listings and an increase in active listings to 14. This rise in available homes, up from 10 in February 2026 and 6 in March 2025, has pushed the months of inventory to 7.7, a slight increase from 7.5 in the prior month and a significant jump from 4.7 in the same period last year.

The single sale recorded this month, while an increase from zero sales in both February 2026 and March 2025, underscores a very slow transaction pace. The sales-to-new-listings ratio (SNLR) stands at 14.3%, reflecting that new inventory is accumulating faster than it is being absorbed. The sustained growth in active listings and months of inventory indicates a market where supply is outpacing demand, providing more options for prospective buyers.

Property Type Analysis

A single detached home sale was recorded in March 2026, while no attached/townhouse sales were reported. The apartment segment did not report any sales. For detached properties, there were 5 new listings and 12 homes in inventory, resulting in 7.7 months of supply.

In contrast, the attached/townhouse segment saw 2 new listings and 2 active listings, leading to 2 months of supply. While the overall market leans towards buyers, the attached segment shows a tighter inventory compared to detached homes, though with no sales recorded, its true market dynamic remains to be fully tested.

Regional Highlights

In the 91905 zip code (Boulevard), the detached housing market recorded one closed sale with a median price of $508,000. This property sold for 101.8% of its list price and spent 48 days on the market. There were 5 new detached listings and 12 detached homes in inventory, contributing to 7.7 months of supply for this property type.

The attached segment in 91905 saw 2 new listings and 2 homes in inventory, resulting in 2 months of supply, but no closed sales were reported for this property type. These figures from the Greater San Diego Association of REALTORS® highlight varying supply conditions within the local market.

For Buyers

With a clear buyer's market emerging and rising inventory levels, prospective buyers have increased leverage. This is an opportune time to explore a wider range of properties and negotiate terms. Buyers are advised to work closely with a REALTOR® to identify well-priced homes and craft competitive offers, taking advantage of the extended time on market for many listings.

For Sellers

Sellers in the current market face increased competition due to rising inventory and slower sales activity. To attract buyers, it is crucial to price properties competitively from the outset and ensure homes are presented in their best possible condition. Flexibility on pricing and terms, along with strategic marketing guided by a REALTOR®, will be key to securing a sale in this buyer-favored environment.