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 robust activity, with total sales increasing by 300% year-over-year to five transactions. The market remains favorable for sellers, with a month of inventory at 3.3 and a strong sales-to-new-listings ratio of 125%.

Market Analysis

The Greater San Diego real estate market is experiencing a significant uptick in activity, as evidenced by the 300% increase in total sales compared to May 2025, when no sales were recorded. The current inventory stands at eight active listings, which is a slight increase from the four active listings in April 2026. This increase in inventory, however, has not dampened demand, as evidenced by the strong sales-to-new-listings ratio of 125%, indicating that properties are moving quickly off the market.

Property Type Analysis

In May 2026, detached homes accounted for the majority of sales, with four transactions recorded, while attached properties saw one sale. The median price for detached homes was reported at $800,000, with a list-to-sale price ratio of 98.8%, demonstrating that sellers are achieving close to their asking prices. The attached market remains limited, with no new listings and only one sale, indicating a tighter supply in this segment.

Regional Highlights

Regionally, the market dynamics show a contrast in inventory levels compared to May 2025, where there were 13 active listings. The decrease in inventory year-over-year, combined with the increase in sales, suggests a growing demand for housing in the area. The months of inventory has decreased from 4.2 in May 2025 to 3.3 in May 2026, further emphasizing the competitive nature of the current market.

For Buyers

For prospective buyers, the current market conditions suggest acting quickly when a suitable property becomes available. With a limited number of active listings and a strong sales-to-new-listings ratio, buyers may face competition. It is advisable to be pre-approved for financing and to have a clear understanding of one’s budget to make competitive offers.

For Sellers

Sellers are in a favorable position in the current market, with a strong demand for homes and a low months of inventory. To maximize their sale price, sellers should consider pricing their homes competitively and ensuring they are in good condition to attract buyers quickly. Additionally, leveraging the current market conditions to create urgency can lead to favorable outcomes.