Greater San Diego Association of REALTORS®: March 2026 Market Sees Tight Inventory and Sellers' Conditions Amidst Low Sales Volume

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports a tight sellers' market for March 2026, characterized by low sales volume and limited inventory. The region recorded 3 total sales and 4 new listings, with active listings standing at 6, contributing to 2.5 months of inventory.

Market Analysis

March 2026 saw a total of 3 sales across the region, a slight increase from the 2 sales recorded in February 2026, but a decrease compared to the 5 sales in March 2025. New listings for the month totaled 4, while active listings reached 6, indicating a constrained supply environment. Months of inventory stood at 2.5, suggesting a strong sellers' market, though this is an increase from 1.1 months in February 2026 and a decrease from 3.3 months in March 2025. With only 3 sales this month, year-over-year percentage changes in sales are not meaningful.

The Sales-to-New-Listings Ratio (SNLR) for March 2026 was 75.0%, further underscoring the demand relative to new supply. This metric, combined with the low months of inventory, reinforces the current market condition as favorable to sellers. Despite the low transaction volume, the market dynamics reflect competition for available properties.

Property Type Analysis

Detached properties accounted for all 3 sales recorded in March 2026. In contrast, there were no sales reported for attached or townhouse properties during the month. This disparity highlights a concentrated demand within the detached segment, while other property types saw no transactions.

For detached homes, specifically in the 91916 area, the median sales price was $640,000. These properties sold, on average, for 103% of their list price and spent approximately 33 days on the market. With 4 new detached listings and 6 active detached listings, the months of supply for detached homes in this area mirrored the regional composite at 2.5 months.

Regional Highlights

The 91916 area, which recorded all 3 detached sales for March 2026, provides insight into the localized market conditions. Detached homes in this specific area commanded a median price of $640,000, selling above their asking price at 103% of list. The average time a home spent on the market was 33 days, suggesting a relatively swift transaction period for available properties.

Inventory levels in the 91916 area for detached homes were consistent with the broader regional trend, with 6 active listings contributing to 2.5 months of supply. This indicates that even within specific submarkets, the theme of limited availability and strong buyer competition persists.

For Buyers

Buyers in the Greater San Diego market for March 2026 should be prepared for a competitive environment, particularly for detached homes. With low inventory and properties selling quickly and often above list price, it is crucial to have pre-approval in place and be ready to make swift, decisive offers. Flexibility on terms and a clear understanding of your priorities can provide an advantage.

For Sellers

Sellers in the Greater San Diego market continue to hold a strong position in March 2026, given the low inventory and high SNLR. While the number of sales is low, properties that come to market are attracting attention. Strategic pricing, professional staging, and effective marketing remain key to maximizing returns and achieving a quick sale in this sellers' market.