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 experienced a total of 10 sales, a 20% decrease compared to the same month last year. New listings rose to 16, contributing to a total of 26 active listings and a months of inventory of 1.6.

Market Analysis

The San Diego housing market continues to exhibit seller-favorable conditions, with a strong sales-to-new-listings ratio (SNLR) of 62.5%. Despite a decrease in total sales from 12 in June 2026 to 10 in July, the overall inventory remains low, indicating sustained demand. The months of inventory has slightly increased from 1.5 in June to 1.6 in July, suggesting that while sales are down, the market is still absorbing new listings efficiently.

Property Type Analysis

Detached homes dominate the market with 8 sales recorded in July, while attached properties, including townhouses, saw 2 sales. The detached market remains robust, reflecting a continued preference among buyers for single-family homes, despite the overall decline in sales year-over-year. The inventory for detached homes is particularly tight, contributing to the competitive landscape.

Regional Highlights

In the Lemon Grove area, the detached market shows a median price of $825,500, with closed sales down 20% year-over-year. Conversely, attached properties in the same region have seen a median price of $599,500, with a notable year-over-year increase of 39.4%, indicating a shift in buyer interest towards more affordable options amidst rising prices in the detached sector.

For Buyers

Prospective buyers should remain vigilant in this competitive market, particularly for detached homes, where inventory is limited. It is advisable to act quickly on new listings and be prepared to make competitive offers, as properties are selling at or above list price in many cases.

For Sellers

Sellers are encouraged to capitalize on the current market conditions by pricing their homes competitively and presenting them well. With a low months of inventory and a favorable SNLR, well-prepared listings are likely to attract multiple offers, potentially leading to higher sale prices.