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 shows a notable increase in sales, with a total of 6 transactions recorded, up 20% from 5 sales in May 2025. The active listings stand at 22, leading to a months of inventory (MOI) of 3.5, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market is currently experiencing a seller's advantage, characterized by a sales-to-new-listings ratio (SNLR) of 75.0%. This indicates that a significant portion of new listings is being absorbed quickly, contributing to the decrease in inventory levels. With 8 new listings introduced in May, the total active listings have slightly decreased from 23 in April to 22, reflecting a stable demand amidst limited supply. The months of inventory has also improved from 3.7 in April to 3.5, suggesting that homes are selling at a faster pace compared to the previous month.

Property Type Analysis

In May, all 6 sales were attributed to detached properties, while the attached and townhouse segments saw no transactions. This trend highlights the ongoing preference for detached homes in the current market, which may be driven by buyer demand for more space and privacy. The absence of sales in the attached category indicates a potential gap in inventory for these types of properties, which may need to be addressed to meet diverse buyer needs.

Regional Highlights

Regionally, the market dynamics in the 91935 zip code reflect similar trends, with 6 closed sales and 8 new listings reported. The median price for detached homes in this area stands at $1,075,000, with a strong list-to-sale price ratio of 99.2%. Year-over-year, closed sales have increased by 20%, while the median price has decreased by 15.7%, suggesting a shift in buyer expectations and market conditions.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the limited inventory and high absorption rates indicate that desirable properties may not remain available for long. Buyers should be prepared to make competitive offers and consider their financing options to enhance their purchasing power.

For Sellers

Sellers are advised to capitalize on the current market conditions by pricing their homes competitively and ensuring they are in optimal condition for showings. With a favorable SNLR and decreasing months of inventory, sellers can expect strong interest from buyers, making it an opportune time to list their properties.