Greater San Diego REALTORS®: March 2026 Market Records Limited Sales Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market recorded a single sale in March 2026, according to the Greater San Diego Association of REALTORS®. Active listings stood at 8, contributing to a sellers' market condition with a Sales-to-New-Listings Ratio (SNLR) of 100.0%. Months of Inventory reached 3.8, indicating continued supply constraints.

Market Analysis

The Greater San Diego market experienced extremely low sales volume in March 2026, with only one total sale reported. This figure remains consistent with the single sale observed in February 2026 but represents a significant decrease from the four sales recorded in March 2025. Given the minimal sales activity, percentage changes in sales volume are not considered meaningful for this period.

Active listings in March 2026 were 8, a slight decrease from 9 active listings in February 2026 but an increase compared to 7 active listings in March 2025. Months of Inventory (MOI) for the composite market was 3.8, a marginal rise from 3.7 in the prior month and a notable increase from 1.9 in March 2025. Despite the increase in MOI, the market remains firmly in sellers' territory, as evidenced by a 100.0% Sales-to-New-Listings Ratio.

The market condition is characterized as a sellers' market, driven by the low number of available properties relative to buyer interest, as indicated by the high SNLR. While inventory has seen a slight uptick from the prior year, the overall volume of transactions remains exceptionally low, suggesting a cautious market environment for both buyers and sellers.

Property Type Analysis

A breakdown by property type reveals that the single sale in March 2026 was a detached home, with no sales reported for attached/townhouse properties. Apartment sales data was not available for the period.

For detached homes specifically in the 91962 area, the median price was $600,000. This represents a 7.6% decrease in the median price year-over-year for this property type in that specific area. Detached homes in this area sold at an average of 96% of their list price and spent an average of 82 days on market. There were 8 detached homes in inventory for this area, contributing to a 3.8 months' supply.

Regional Highlights

Across the Greater San Diego market, the overarching trend in March 2026 is the extremely limited transaction volume. While active listings have seen a slight increase compared to the prior year, the number of properties changing hands remains exceptionally low. This dynamic contributes to the prevailing sellers' market, where available homes are quickly absorbed, as indicated by the 100.0% Sales-to-New-Listings Ratio.

The increase in Months of Inventory to 3.8 from 1.9 in March 2025 suggests a slight easing of the extreme inventory crunch experienced a year ago, yet the market still favors sellers due to the scarcity of new listings converting into sales. The low sales count makes it challenging to draw definitive conclusions about broader price trends for the entire region.

For Buyers

Buyers in the Greater San Diego market should be prepared for competitive conditions, despite the low overall sales volume. With a sellers' market prevailing and a high Sales-to-New-Listings Ratio, desirable properties may attract multiple offers. It is advisable for buyers to have their financing pre-approved and to act decisively when a suitable property becomes available.

For Sellers

Sellers in the Greater San Diego market continue to benefit from favorable conditions, with low inventory levels and a strong Sales-to-New-Listings Ratio. Proper pricing and presentation remain crucial to attract serious buyers and achieve optimal outcomes. Consulting with a REALTOR® can help sellers navigate the current market dynamics and effectively position their property.