Greater San Diego Association of REALTORS®: April 2026 Market Sees Sales Decline 38.5% Year-Over-Year Amid Rising Inventory

Greater San Diego Association of REALTORS® — April 2026

Total sales in the Greater San Diego housing market reached 10 in April 2026, a 38.5% decrease from April 2025, according to the Greater San Diego Association of REALTORS®. Active listings increased to 73, contributing to 3.9 months of inventory, with market conditions still favoring sellers.

Market Analysis

The Greater San Diego housing market experienced a notable contraction in sales activity during April 2026. Total sales for the month stood at 10, a substantial 38.5% decline compared to the 17 sales recorded in April 2025. This downturn in sales occurred as active listings saw an increase, reaching 73 in April 2026, up from 53 in March 2026 and 56 in April 2025. Consequently, the months of inventory rose to 3.9, compared to 2.9 in March 2026 and 3.0 in April 2025, indicating a growing supply of homes available on the market.

New listings for April 2026 totaled 29. The Sales to New Listings Ratio (SNLR) was 34.5%, suggesting that approximately one-third of new listings resulted in a sale during the reporting period. This ratio, combined with the overall sales decline, points to a market where buyer demand may be moderating relative to the influx of new properties.

Despite the increase in inventory and the year-over-year decrease in sales, the market condition for April 2026 is still categorized as favoring sellers. This classification suggests that while the pace of sales has slowed and more homes are available, sellers generally retain leverage in negotiations, likely due to persistent demand or specific market segments.

Property Type Analysis

In April 2026, detached homes accounted for the majority of sales in the Greater San Diego market, with 8 transactions reported. Attached homes and townhouses saw 2 sales during the same period. This distribution highlights a continued preference or greater availability within the detached housing segment, even as overall sales activity decreases.

Regional Highlights

Focusing on specific regional trends, data for the 91932 zip code (Imperial Beach) reveals distinct dynamics within property types. For detached homes in 91932, there were 18 new listings and 8 closed sales in April 2026. The median price for detached homes in this area was $852,500, with closed sales experiencing a 38.5% year-over-year decrease.

The attached housing segment in 91932 recorded 11 new listings and 2 closed sales. The median price for attached properties stood at $570,000, and closed sales saw a more significant year-over-year decline of 50% in this specific sub-market.

For Buyers

Buyers in the Greater San Diego market in April 2026 observe an increase in available inventory, offering more choices than in previous months. While this may present opportunities, the market remains favorable to sellers. Buyers should come prepared with pre-approvals, understand their desired property's value, and be ready to act decisively when a suitable home becomes available, as competition can still be present.

For Sellers

Sellers in April 2026 face a market with increased inventory and a slower pace of sales compared to the previous year. To stand out, competitive pricing aligned with current market conditions is crucial. Highlighting property features, ensuring excellent presentation, and working closely with a REALTOR® to strategically position the home can help attract serious buyers and facilitate a successful transaction.