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 remains stagnant with total sales at zero and only two new listings introduced. Active listings have increased to five, resulting in a months of inventory figure of 3.6, indicating a seller's market despite the lack of sales activity.

Market Analysis

The current market conditions reflect a notable imbalance between supply and demand, as evidenced by the total sales remaining at zero for both detached and attached properties. With only two new listings entering the market this month, the overall inventory remains limited, contributing to a months of inventory figure of 3.6, which is an increase from 2.9 in April 2026. This suggests that while sellers hold the advantage, the lack of transaction activity may be a result of buyer hesitance or external economic factors impacting purchasing decisions.

Property Type Analysis

The property type breakdown shows that both detached and attached homes have not recorded any sales this month, maintaining a status quo from April 2026. The absence of new activity in these categories indicates a potential stagnation in buyer interest or affordability challenges, which could be further explored in future months as inventory levels fluctuate.

Regional Highlights

Regionally, the market shows a slight increase in active listings from three in May 2025 to five in May 2026, suggesting a gradual shift in inventory availability. However, the overall sales activity remains unchanged year-over-year, indicating that while sellers may have the upper hand, the market is not experiencing the robust activity seen in previous years.

For Buyers

For potential buyers, it is advisable to remain vigilant and prepared to act quickly when new listings become available, as the current market conditions favor sellers. Engaging with a knowledgeable REALTOR® can provide insights into upcoming opportunities and help navigate the limited inventory landscape.

For Sellers

Sellers are encouraged to capitalize on the current market conditions by pricing their properties competitively and ensuring they are in optimal condition for showings. With limited inventory and a months of inventory figure indicating a seller's market, now may be an opportune time to list properties to attract potential buyers.