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

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market saw a total of 30 sales, a decrease of 14.3% compared to the same month last year. New listings increased to 50, contributing to a total of 56 active listings and a months of inventory of 2.0.

Market Analysis

The Greater San Diego real estate market is currently favoring sellers, as indicated by a sales-to-new-listings ratio (SNLR) of 60.0%. With 30 total sales in July, the market is experiencing a slight uptick in activity compared to June's 28 sales. However, the year-over-year decline in sales suggests a cooling trend, as buyers may be facing affordability challenges amid rising interest rates and economic uncertainty. The months of inventory stands at 2.0, indicating a relatively balanced market but still leaning towards sellers due to the limited supply of homes available.

Property Type Analysis

In July, detached homes accounted for 18 of the total sales, while attached homes and townhouses contributed 12 sales. The consistent demand for detached properties reflects ongoing buyer preference for single-family homes, despite the overall decline in sales year-over-year. The attached market, however, has seen a more significant drop, with a 29.4% decrease in closed sales compared to July 2025, suggesting a shift in buyer priorities or affordability constraints in this segment.

Regional Highlights

The La Mesa area, specifically zip code 91942, shows notable trends with 29 new listings and 23 pending sales for detached homes. The median price for these homes is $942,500, reflecting a 7.2% increase year-over-year. Conversely, the attached market in the same region has seen a median price of $428,250, down 27.4% from last year, highlighting the varying dynamics within different property types and price segments.

For Buyers

Buyers are encouraged to act strategically in the current market, where new listings are on the rise. With a variety of options available, potential buyers should consider their budget and long-term goals, and be prepared to make competitive offers, especially in desirable neighborhoods where inventory remains limited.

For Sellers

Sellers are advised to price their homes competitively and consider the current market conditions, which favor them. With an SNLR of 60.0%, there is an opportunity to attract buyers, but it is crucial to present homes well and be responsive to offers, as the market shows signs of cooling compared to last year.