Greater San Diego Association of REALTORS®: March 2026 Sees Sales Surge 28.6% Year-Over-Year Amidst Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports a significant increase in sales activity for March 2026, with total sales reaching 15 units, a 28.6% increase compared to March 2025. The market maintains a seller's condition, characterized by 2.9 months of inventory.

Market Analysis

The Greater San Diego housing market experienced a robust March 2026, with total sales climbing to 15, representing a substantial 28.6% increase from the 12 sales recorded in March 2025. This surge in activity also marks a significant recovery from the 5 sales observed in February 2026, indicating renewed buyer engagement.

Supply levels remain relatively tight, with 53 active listings in March 2026, consistent with February 2026's 53 active listings and slightly below March 2025's 55 active listings. The Months of Inventory (MOI) stands at 2.9, down from 3.7 in February 2026 and 3.2 in March 2025, reinforcing the current seller's market conditions. The Sales to New Listings Ratio (SNLR) of 51.7% further underscores the strong demand relative to new supply.

Property Type Analysis

A breakdown by property type reveals distinct dynamics. Detached homes recorded 9 sales in March 2026, while attached/townhouse properties saw 6 sales. Detached homes achieved a median price of $789,000, with properties selling for an average of 101.1% of their list price and spending 55 days on market. Attached properties had a median price of $783,500, selling at 96.5% of list price with a quicker 46 days on market.

Both property types experienced positive year-over-year sales growth, with detached sales up 28.6% and attached sales surging by 50%. However, inventory levels differ significantly; detached homes maintain a tight 2.9 months of supply, aligning with the overall market's seller conditions. Attached properties, conversely, show a more balanced market with 7 months of supply.

Regional Highlights

In a regional highlight from Imperial Beach (91932), the detached housing market shows strong performance. Detached homes in this area closed 9 sales, with a median price of $789,000, representing a modest 0.5% increase year-over-year. These properties are selling above asking price, achieving 101.1% of list price, and spend an average of 55 days on the market.

The attached market in Imperial Beach (91932) recorded 6 closed sales, with a median price of $783,500. This median price reflects a 12.2% decrease compared to the prior year. Attached properties in this area sell at 96.5% of their list price and have a faster average of 46 days on market, though they exhibit a higher months of supply at 7.

For Buyers

Buyers in the Greater San Diego market, particularly those seeking detached homes, face competitive conditions. With months of inventory at 2.9 and properties often selling above list price, it is crucial to be pre-approved, prepared to act quickly, and consider offering competitive terms to secure a property.

For Sellers

Sellers in the Greater San Diego area are well-positioned in the current market. With strong buyer demand and low inventory, especially for detached properties, sellers should work with a REALTOR® to price their homes strategically to maximize interest and leverage the favorable conditions, potentially leading to offers above asking price.