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 continues to show strong demand with total sales reaching 28, a 37.5% increase from the same month last year. New listings rose to 40, while active listings decreased to 47, resulting in a months of inventory of just 1.2.

Market Analysis

The San Diego market remains a seller's market as demand outstrips supply. With a sales-to-new-listings ratio (SNLR) of 70.0%, properties are moving quickly, indicating robust buyer interest. The decrease in active listings from 53 in April to 47 in May suggests that inventory is tightening, which may further drive competition among buyers. Compared to May 2025, the total sales have increased from 27 to 28, reflecting a consistent upward trend in market activity year-over-year.

Property Type Analysis

In May 2026, detached homes accounted for the majority of sales with 22 transactions, while attached homes and townhouses contributed 6 sales. The strong performance of detached properties highlights the ongoing preference for single-family homes, which often provide more space and privacy. The attached market, while smaller, has shown resilience with a competitive median price of $667,500, indicating that buyers are still actively seeking affordable options in this segment.

Regional Highlights

The Chula Vista South area, specifically zip code 91911, has seen notable activity with 25 new listings and 22 closed sales, maintaining a median price of $855,000. This area continues to attract buyers, evidenced by a days on market (DOM) of just 27 days, suggesting that homes are selling quickly. The attached market in the same region has also been active, with a median price of $667,500 and a closed sales count of 6, although it experienced a decline in closed sales year-over-year.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, where inventory is limited and homes are selling quickly. With a months of inventory at just 1.2, buyers should be prepared to make competitive offers and consider a range of financing options to enhance their purchasing power.

For Sellers

Sellers in the Greater San Diego area are in a favorable position, given the current market dynamics. With a strong SNLR of 70.0% and a low months of inventory, now is an opportune time to list properties. Sellers should ensure their homes are well-prepared for showings and consider pricing strategies that reflect the competitive landscape to attract motivated buyers.