Greater San Diego Association of REALTORS®: March 2026 Market Sees Sales Decline 40.9% Year-Over-Year Amidst Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a notable slowdown in March 2026, with total sales reaching 29, a significant 40.9% decrease compared to March 2025. Despite the dip in sales, the market maintains a seller's condition, supported by 1.8 months of inventory, according to the Greater San Diego Association of REALTORS®.

Market Analysis

Total sales for March 2026 were 29, marking a substantial 40.9% decline from the 40 sales recorded in March 2025. However, this represents an increase from the 21 sales observed in February 2026, indicating some month-over-month recovery in transaction volume. The Sales-to-New-Listings Ratio (SNLR) for March 2026 stood at 49.2%, suggesting that nearly half of new listings are going under contract.

Supply metrics show 59 new listings entering the market and 71 active listings available during March 2026. Active listings have seen a slight increase from 66 in February 2026 and 65 in March 2025. Months of inventory registered at 1.8, a slight decrease from 1.9 in February 2026 but an increase from 1.6 in March 2025. This low inventory level continues to characterize the market as favorable to sellers.

Property Type Analysis

According to the Greater San Diego Association of REALTORS®, attached properties recorded 16 sales in March 2026, slightly surpassing the 13 sales for detached homes. No sales data is available for apartment properties for the period.

Regional Highlights

In a specific regional snapshot, the 91913 Chula Vista – Eastlake area reported a median price of $1,000,000 for detached homes, a 6.5% decrease year-over-year. Attached properties in this area registered a median price of $624,500, down 4.7% from the prior year. Sales volume in 91913 also reflected broader trends, with detached home sales decreasing by 40.9% year-over-year and attached sales declining by 27.3% year-over-year.

For Buyers

Buyers in the Greater San Diego market face a competitive environment, as indicated by the persistent seller's market condition and low months of inventory. It is advisable for prospective buyers to secure pre-approval for financing, clearly define their property preferences, and work closely with a REALTOR® to navigate available listings and prepare compelling offers.

For Sellers

Sellers continue to benefit from favorable market conditions in Greater San Diego, characterized by low inventory levels. To maximize success, sellers should focus on presenting their homes in optimal condition, pricing competitively based on current market values, and leveraging the expertise of a REALTOR® to effectively market their property and manage multiple offers.