Greater San Diego REALTORS® March 2026 Report: Sales Decline 23.8% Year-Over-Year Amidst Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a notable decrease in sales activity during March 2026, with total sales reaching 27, a 23.8% decline compared to the previous year. Despite the reduction in transactions, the market remains characterized as a seller's market, supported by 1.4 months of inventory, according to figures published by the Greater San Diego Association of REALTORS®.

Market Analysis

Total sales for March 2026 reached 27, an increase from the 20 sales recorded in February 2026 but a 23.8% decrease compared to the 32 sales in March 2025. New listings stood at 38, contributing to 48 active listings by month-end. This represents a slight decrease from 49 active listings in March 2025 but an increase from 37 active listings in February 2026. The sales-to-new-listings ratio (SNLR) for the month is 71.1%, indicating strong absorption of new inventory.

The market continues to favor sellers, with 1.4 months of inventory available. This is an increase from 0.9 months in February 2026 but a slight decrease from 1.6 months in March 2025, reflecting persistent demand relative to supply. These figures are published by the Greater San Diego Association of REALTORS®.

Property Type Analysis

A breakdown by property type reveals 16 detached home sales and 11 attached/townhouse sales in March 2026. Detached home sales saw a 23.8% year-over-year decline, while attached home sales experienced an 8.3% year-over-year decrease. The apartment segment did not report sales data for the month.

In the 91942 zip code, detached homes recorded a median price of $860,000, representing a 2.8% decrease from the prior year, with homes selling for an average of 99.7% of their list price after 26 days on market. Attached homes in the same area had a median price of $535,000, a 3.9% decrease year-over-year, selling for 97.7% of list price and spending 71 days on market. These specific figures are published by the Greater San Diego Association of REALTORS®.

Regional Highlights

Focusing on the 91942 zip code, encompassing La Mesa and Grossmont, the market dynamics reflect broader trends. Detached homes in this area saw 23 new listings and 16 closed sales, maintaining 1.4 months of supply. Attached properties recorded 15 new listings and 11 closed sales, with 2.7 months of supply. These localized metrics provide a granular view of the market conditions within specific communities, as published by the Greater San Diego Association of REALTORS®.

For Buyers

Buyers in the Greater San Diego market face a competitive environment, characterized by a seller's market and limited inventory. It is advisable for prospective buyers to secure pre-approval, be prepared to act quickly on desirable properties, and consider a range of property types to broaden their options. Understanding local market nuances, such as those seen in areas like La Mesa/Grossmont, can also inform strategic decisions.

For Sellers

Sellers currently benefit from favorable market conditions, with low months of inventory supporting a seller's market. While this environment provides an advantage, strategic pricing remains crucial to attract serious buyers and achieve optimal outcomes. Presenting homes in their best condition can further enhance appeal and potentially reduce days on market, as demonstrated by the 26 days on market for detached homes in the 91942 zip code.