Greater San Diego REALTORS®: March 2026 Market Sees Sales Dip 52.9% Year-Over-Year Amidst Tight Inventory

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 14, a 52.9% decline compared to March 2025. Active listings stood at 13, contributing to a tight 0.9 months of inventory, indicating a sellers' market condition, according to figures published by the Greater San Diego Association of REALTORS®.

Market Analysis

Total sales for March 2026 were 14, a decrease from 21 sales in March 2025, but an increase from 11 sales recorded in February 2026. This year-over-year decline in sales activity suggests a more constrained market compared to the previous year. Active listings remained low at 13, a significant drop from 30 active listings in March 2025 and also lower than the 17 active listings in February 2026.

The low inventory levels are further highlighted by the 0.9 months of inventory, which is down from 1.1 months in March 2025 and 1.0 month in February 2026. This persistent decline in available homes contributes to the current sellers' market conditions. The sales-to-new-listings ratio (SNLR) of 87.5% indicates strong buyer demand relative to the 16 new listings that entered the market, suggesting that a high percentage of new inventory is quickly absorbed.

Property Type Analysis

Of the 14 total sales reported by the Greater San Diego Association of REALTORS® in March 2026, detached homes accounted for 8 transactions, while attached homes, including townhouses, saw 6 sales. This distribution indicates a slightly higher volume for detached properties during the month.

In the 91945 Lemon Grove area, specific market dynamics show detached homes with a median price of $842,500, experiencing an 8% year-over-year increase in median price, despite a 52.9% year-over-year decrease in closed sales. Attached properties in the same zip code recorded a median price of $600,000, up 3.7% from the prior year, alongside a 50% year-over-year increase in closed sales. Detached homes in 91945 spent a median of 11 days on market, receiving 99.4% of their list price, while attached homes spent 69 days on market, securing 98.5% of their list price.

Regional Highlights

Focusing on the 91945 Lemon Grove area, the market exhibits distinct trends. Detached homes in this zip code achieved a median price of $842,500 in March 2026, marking an 8% increase from the previous year. Attached properties in 91945 also saw a median price appreciation, reaching $600,000, a 3.7% rise year-over-year.

Inventory levels in 91945 remain constrained, with detached homes showing 0.9 months of supply and attached homes at 0.7 months of supply. This tight inventory contributes to a competitive environment, particularly for detached homes which spent a median of 11 days on market, compared to 69 days for attached properties.

For Buyers

In this competitive sellers' market, buyers face limited inventory and must be prepared to act swiftly. Securing pre-approval for financing and understanding market values for desired property types are crucial steps. Buyers should work closely with their REALTOR® to identify opportunities and craft competitive offers.

For Sellers

Sellers benefit from strong demand and low months of inventory. Strategic pricing, professional staging, and high-quality marketing remain essential to maximize returns. Given the high sales-to-new-listings ratio, properties priced correctly and presented well are likely to attract multiple offers and close efficiently.