Greater San Diego Association of REALTORS® March 2026 Report: Sales Rise, Inventory Tightens in Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced increased activity in March 2026, with total sales reaching 32, a 33.3% increase from February 2026's 24 sales, according to figures released by the Greater San Diego Association of REALTORS®. Despite this monthly gain, sales saw a year-over-year decline of 6.7% compared to March 2025. The market remains firmly in seller's territory with months of inventory at 1.1.

Market Analysis

The Greater San Diego housing market demonstrated robust activity in March 2026, with total sales reaching 32, a notable increase from the 24 sales recorded in February 2026. This monthly uptick, however, contrasts with a 6.7% year-over-year decrease in sales compared to March 2025, when 20 sales were reported. The Sales-to-New-Listings Ratio (SNLR) stood at 110.3%, indicating strong demand relative to new supply.

Supply remains constrained, with active listings at 46 and new listings totaling 29 for the month. Months of Inventory (MOI) tightened further to 1.1 months in March 2026, down from 1.4 months in February 2026 and significantly lower than the 1.7 months observed in March 2025. This persistent low inventory underscores the current market condition, which favors sellers.

Property Type Analysis

In March 2026, the Greater San Diego market saw varied performance across property types. Attached properties, including townhouses, recorded 18 sales, slightly outpacing detached homes, which registered 14 sales. Specific benchmark prices for these categories were not available for the Greater San Diego region.

Regional Highlights

Within the broader San Diego region, specific submarkets exhibited distinct trends. In the 91911 Chula Vista South area, detached homes recorded a median price of $849,500 in March 2026. While detached sales in this specific area matched the regional detached sales count at 14, the median price saw a marginal year-over-year decrease of 0.1%. Attached properties in 91911 Chula Vista South registered a median price of $610,000, experiencing a 3.6% year-over-year decline in median price. However, attached sales in this area surged by 125% year-over-year, reaching 18 closed transactions.

For Buyers

Prospective buyers in the Greater San Diego market face a competitive environment characterized by low inventory and strong demand. It is crucial for buyers to be pre-approved for financing, act swiftly when desirable properties become available, and be prepared for potential multiple-offer scenarios. Working with an experienced REALTOR® can provide a strategic advantage in navigating these conditions.

For Sellers

Sellers in the Greater San Diego region continue to benefit from favorable market conditions, including limited inventory and high buyer interest. With months of inventory at 1.1 and a Sales-to-New-Listings Ratio exceeding 100%, properties are moving quickly. Sellers should focus on strategic pricing, professional staging, and high-quality marketing to maximize their property's appeal and leverage the strong demand.