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 shows a robust increase in sales, with a total of 9 transactions recorded, marking a 40% year-over-year increase from 8 sales in May 2025. The market remains competitive for sellers, with only 22 active listings and a months of inventory (MOI) of 2.4.

Market Analysis

The current market conditions indicate a strong seller's advantage, driven by limited inventory and increasing demand. With only 22 active listings available, the market is experiencing a significant decrease in supply compared to the 35 active listings recorded in May 2025. The sales-to-new-listings ratio (SNLR) stands at 47.4%, suggesting that nearly half of the new listings are being absorbed by buyers, further emphasizing the competitive nature of the market.

Property Type Analysis

In May 2026, detached homes dominate sales with 7 transactions, while attached homes, including townhouses, account for 2 sales. The median price for detached homes is reported at $1,265,000, reflecting a 25.6% decrease year-over-year, whereas attached homes have a median price of $665,000, which shows a slight increase of 3.5% from the previous year. This divergence in price trends highlights varying buyer preferences and market dynamics across different property types.

Regional Highlights

The Chula Vista NE area continues to show significant activity, with 15 new listings and 17 pending sales for detached homes. The region's months of inventory stands at 2.4, indicating a tight market where demand outpaces supply. The attached market, while smaller, also reflects healthy activity with a 96.3% list-to-sale price ratio, suggesting that properties are selling close to their asking prices.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as inventory remains low and competition is high. With only 22 active listings, buyers should be prepared to make quick decisions and potentially engage in competitive bidding situations.

For Sellers

Sellers are in a favorable position in this market, with a strong demand for homes and a low inventory level. To maximize their selling potential, sellers should consider pricing their homes competitively and ensuring they are in excellent condition to attract buyers quickly.