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 total of 20 sales, a 33.3% decrease compared to the same month last year. New listings increased to 39, while active listings rose to 50, indicating a shift towards a seller's market with a month's supply of inventory at 1.7.

Market Analysis

The San Diego real estate market continues to show signs of a tightening inventory, with total sales rising from 14 in April 2026 to 20 in May 2026. Despite this increase, sales are down significantly from 23 in May 2025, highlighting a year-over-year decline in buyer activity. The months of inventory stands at 1.7, indicating that homes are selling quickly, which is typical of a seller's market. The sales-to-new-listings ratio (SNLR) of 51.3% further supports this trend, suggesting that new listings are being absorbed at a healthy pace.

Property Type Analysis

In May 2026, detached homes accounted for 6 of the total sales, while attached/townhouse properties saw a more robust performance with 14 sales. The median price for detached homes is reported at $907,500, reflecting a 20.4% decrease year-over-year, while attached properties have a median price of $697,500, down just 3.1% from the previous year. This divergence indicates that while detached homes are experiencing greater price adjustments, attached properties are holding their value more steadily in the current market.

Regional Highlights

The Chula Vista SE area, specifically zip code 91915, is indicative of broader regional trends, with 15 new detached listings and 24 new attached listings in May. The inventory for detached homes is at 17, with a month’s supply of 1.7, while attached homes have a higher inventory of 33 and a month’s supply of 2.8. This suggests a more competitive landscape for detached homes, while attached properties may offer buyers more options.

For Buyers

Buyers are encouraged to act swiftly in the current market, as the low inventory levels mean homes are selling quickly. With a significant year-over-year decline in sales, buyers may find opportunities to negotiate better terms, especially for detached homes that have seen larger price reductions. It is advisable to stay informed about new listings and be prepared to make competitive offers.

For Sellers

Sellers should take advantage of the current market conditions, as the low months of inventory indicate a strong demand for homes. By pricing competitively and presenting their homes well, sellers can attract buyers quickly. Additionally, understanding the dynamics of the market can help sellers negotiate favorable terms and close sales efficiently.