June 2026 Greater San Diego Real Estate Market Report: Sales Decline Amid Tight Inventory

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market experienced a total of 28 sales, reflecting a 15.4% decrease compared to the same month last year. New listings rose to 39, while active listings reached 53, resulting in a months of inventory figure of 1.8, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market continues to show signs of tight inventory, with only 1.8 months of available homes for sale. This low inventory level suggests that demand remains relatively strong, despite the year-over-year decline in sales. The sales-to-new-listings ratio (SNLR) stands at 71.8%, indicating that a significant portion of new listings is being absorbed by the market. However, the overall sales volume has decreased compared to last year, reflecting potential buyer hesitance in the current economic climate.

Comparing June 2026 to the previous month, total sales increased from 18 in May to 28 in June, while active listings slightly decreased from 54 to 53. This upward trend in sales may suggest a seasonal increase in buyer activity, although the year-over-year comparison shows a notable decline in sales, highlighting the ongoing challenges in the market. The demand for homes remains, but buyers may be facing affordability issues or uncertainty regarding future market conditions.

Property Type Analysis

In June 2026, detached homes accounted for 11 sales, while attached homes, including townhouses, saw 17 sales. The median price for detached homes was reported at $1,055,000, reflecting a competitive market where homes are selling close to their listing prices, with a percentage of list price at 99.5%. In contrast, attached homes had a median price of $629,000, with a higher year-over-year sales increase of 112.5%, indicating a strong demand for more affordable housing options.

The contrasting performance between property types suggests that buyers are gravitating towards attached homes, possibly due to their lower price point and the current economic conditions. The inventory for detached homes remains limited, further contributing to the competitive nature of this segment.

Regional Highlights

Regionally, the La Mesa area (zip code 91942) shows notable trends, with 26 new listings and 11 closed sales for detached homes. The median price in this area is $1,055,000, which has increased by 27.1% year-over-year. The attached market in La Mesa also demonstrates strength, with 17 closed sales and a median price of $629,000, reflecting a 13.3% increase year-over-year. This regional data underscores the ongoing demand for homes in La Mesa, particularly in the attached segment, which has seen a significant surge in activity.

For Buyers

For prospective buyers, it is essential to act quickly in the current market, as inventory remains low and properties are selling at competitive prices. Buyers should be prepared to make offers promptly and consider being flexible with their requirements to increase their chances of securing a home. Additionally, working with a knowledgeable REALTOR® can provide valuable insights into available properties and market trends.

For Sellers

Sellers are currently in a favorable position due to the low months of inventory, which indicates strong demand for homes. To maximize their selling potential, sellers should ensure their properties are well-presented and priced competitively. Considering the recent sales trends, it may also be beneficial to list homes at a price that reflects current market conditions while still appealing to potential buyers.