Greater San Diego Association of REALTORS® Market Report - June 2026

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market experienced a notable decline in sales, with a total of 19 properties sold, down 21.7% from the previous year. New listings increased to 35, contributing to a slight rise in active listings to 64, resulting in a months of inventory (MOI) of 2.3.

Market Analysis

The Greater San Diego real estate market continues to show signs of a seller's market despite the decrease in sales volume. With 64 active listings and 19 sales, the market maintains a healthy absorption rate, reflected in the 54.3% sales-to-new-listings ratio (SNLR). The current MOI of 2.3 indicates that homes are still selling relatively quickly, although the year-over-year sales decline suggests a cooling trend compared to the previous year’s performance.

The increase in new listings to 35, up from 30 in May 2026, signals that sellers are responding to market conditions by bringing more properties to market. However, the overall sales decline indicates that buyer demand may be waning, possibly due to rising interest rates or economic uncertainties. This dynamic creates a competitive environment for sellers, but buyers may find opportunities as inventory levels rise.

Property Type Analysis

In June 2026, detached homes dominated the market with 18 sales, while the attached/townhouse segment saw only 1 sale. The detached market remains robust, with a median price of $1,217,500 and a strong list-to-sale price ratio of 98.9%. In contrast, the attached market is struggling, with a significant year-over-year sales decline of 66.7% and a median price of $452,500, indicating a potential disconnect between buyer interest and available inventory in this segment.

Regional Highlights

Focusing on the La Mesa and Mount Helix areas, the detached market shows a healthy inventory of 52 homes, with a months supply of 2.3. The region's median price for detached homes has increased by 9.7% year-over-year, demonstrating continued demand despite the overall sales decline. Conversely, the attached market faces challenges, with a median price decrease of 17.7% year-over-year, suggesting that buyers may be favoring detached homes over townhouses or condos in the current market.

For Buyers

Buyers are encouraged to act strategically in the current market conditions. With an increase in active listings, there may be more options available, allowing buyers to negotiate better terms. It is advisable for buyers to conduct thorough market research and consider properties that may have been on the market longer, as these may present opportunities for price negotiations.

For Sellers

Sellers should remain proactive in pricing their homes competitively to attract potential buyers. Given the current seller's market dynamics, it is essential to present properties well and consider minor improvements to enhance appeal. Additionally, sellers should be prepared for negotiations, as buyers may be more discerning in their choices given the recent sales decline.