Greater San Diego Association of REALTORS® Market Report – May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a significant slowdown, with total sales dropping to just 1 transaction, a 66.7% decrease from the same month last year. New listings increased to 5, while active listings rose to 13, resulting in a months of inventory of 3.8.

Market Analysis

The current market conditions indicate a seller's market, despite the notable decline in sales. With only one sale recorded in May, the total sales volume has decreased sharply compared to April 2026, which saw 5 sales. The increase in active listings to 13 suggests that while sellers are still present, buyer demand remains weak, contributing to an extended months of inventory at 3.8, compared to 2.5 in the previous month and 1.9 in May 2025.

The supply-demand dynamics reveal a market struggling to attract buyers. The sales year-over-year change of -66.7% highlights the challenges faced by sellers in a market that has seen a significant drop in transactions. The lack of competitive pricing and the relatively high inventory levels may further deter potential buyers, leading to a cautious approach in the current market environment.

Property Type Analysis

In May 2026, detached properties accounted for the sole sale, with 1 transaction recorded, while attached and townhouse properties saw no activity. This stark contrast indicates a preference or necessity for detached homes in the current market, despite the overall decline in sales. The absence of sales in the attached category may reflect shifting buyer preferences or affordability concerns, as detached homes remain the only segment demonstrating any transactional activity.

Regional Highlights

The 91906 zip code, which includes Campo, shows a mixed performance with 5 new detached listings and a median price of $400,000, reflecting a competitive listing price at 100.3% of the asking price. This region's months of inventory at 3.8 suggests that while there are options available for buyers, the overall market remains sluggish, indicating a need for strategic pricing and marketing from sellers to attract buyers in a challenging environment.

For Buyers

Potential buyers are encouraged to remain patient and vigilant in their search, as the current market presents opportunities to negotiate favorable terms. With an increase in active listings, buyers may find more options available, but should be prepared for a competitive landscape, particularly for detached homes that are currently the only segment seeing sales activity.

For Sellers

Sellers should consider pricing strategies carefully in light of the current market conditions. With a significant drop in sales and an increase in inventory, it is crucial to set competitive prices to attract buyers. Engaging a knowledgeable real estate professional can provide valuable insights into local market trends and help position properties effectively to achieve successful transactions.