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

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a notable slowdown, with total sales remaining at zero for the month. New listings increased to three, while active listings rose to four, resulting in a months of inventory figure of 2.0.

Market Analysis

The current market conditions indicate a seller's market, despite the lack of sales activity. With only four active listings and three new listings introduced in May, the supply remains limited, contributing to a months of inventory figure of 2.0. This suggests that if demand were to increase, properties could move quickly due to the constrained supply. However, the zero sales figure indicates that buyer interest may be subdued at this time, leading to a stagnation in market activity compared to previous months.

Property Type Analysis

In May 2026, the detached property segment reported no sales, mirroring the trend seen in the attached and townhouse categories, which also recorded zero sales. The absence of transactions across all property types highlights a significant pause in buyer activity, despite the introduction of new listings. The lack of movement in the market suggests that potential buyers may be waiting for more favorable conditions before making purchasing decisions.

Regional Highlights

Comparing May 2026 to April 2026, the number of active listings increased from one to four, indicating a slight uptick in available inventory. However, this increase has not translated into sales, as the total sales remained unchanged at zero. Year-over-year comparisons show a similar trend, with May 2025 also recording zero sales and only two active listings, suggesting a consistent pattern of limited market activity in this region.

For Buyers

Potential buyers are advised to remain patient in the current market environment. With limited inventory and no sales activity, it may be beneficial to monitor new listings closely and be prepared to act quickly when suitable properties become available. Engaging with a knowledgeable REALTOR® can provide insights into upcoming opportunities.

For Sellers

Sellers should consider the current market dynamics carefully. With a limited number of active listings, there may be an opportunity to attract buyers by pricing competitively and ensuring properties are well-presented. However, sellers should also be aware of the current lack of buyer activity and be prepared for a potentially extended selling process.