Greater San Diego REALTORS®: March 2026 Market Sees Sales Surge 25% Year-Over-Year Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a notable increase in activity for March 2026, with total sales reaching 38, a 25.0% increase compared to March 2025. The Composite Benchmark Price, as reported by the Greater San Diego Association of REALTORS®, stands at $750,000, as the market continues to favor sellers.

Market Analysis

The Greater San Diego housing market demonstrates robust activity in March 2026. Total sales reached 38, marking a significant 25.0% increase from the 28 sales recorded in March 2025 and a substantial rise from 24 sales in February 2026. This surge in transactions, coupled with a strong Sales-to-New-Listings Ratio (SNLR) of 88.4%, indicates persistent buyer demand.

Inventory levels remain constrained, contributing to the prevailing sellers' market conditions. Active listings for March 2026 total 60, a decrease from 65 active listings in both February 2026 and March 2025. Months of Inventory stands at 1.6, a slight reduction from 1.7 in prior periods, further highlighting the limited supply. New listings for the month total 43, indicating some replenishment but not enough to significantly ease inventory pressures.

The Composite Benchmark Price for March 2026 is $750,000. This represents an increase compared to the $612,500 recorded in March 2025, though it is a decrease from the $787,000 reported in February 2026. The overall market condition remains firmly in favor of sellers, driven by strong demand and tight inventory.

Property Type Analysis

In terms of property types, detached homes accounted for 25 of the total sales in March 2026. Attached homes, including townhouses, recorded 13 sales during the same period. This distribution indicates that detached properties continue to represent the larger share of transactions within the Greater San Diego market.

Regional Highlights

Focusing on the 91977 zip code (Spring Valley), the market shows distinct trends. Detached homes in this area recorded 25 closed sales with a median price of $849,950, reflecting a 6.2% year-over-year increase in median price. The months of supply for detached homes in 91977 is 1.6, aligning with the broader market's tight inventory.

For attached properties in 91977, there were 13 closed sales, with a median price of $585,000, an increase of 1.7% year-over-year. Notably, closed sales for attached homes in this specific region experienced a substantial 85.7% year-over-year increase, indicating a significant surge in demand for these property types in Spring Valley.

For Buyers

In this competitive sellers' market, buyers in Greater San Diego should be well-prepared. Securing pre-approval for financing is crucial to demonstrate readiness and strengthen offers. Given the low Months of Inventory and high SNLR, acting swiftly when a suitable property becomes available is advisable. Buyers may also consider exploring attached housing options, which can offer more accessible price points and potentially less intense competition in certain submarkets.

For Sellers

Sellers in the Greater San Diego market are well-positioned in March 2026. With low active listings and strong buyer demand, properties are moving quickly. Pricing strategically and presenting homes in their best condition can attract multiple offers and potentially lead to favorable terms. The low Months of Inventory suggests that well-maintained and appropriately priced homes are likely to sell efficiently.