Greater San Diego Association of REALTORS® Reports May 2026 Market Trends: Strong Seller's Market Continues

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market shows continued strength with a composite benchmark price of $772,250 and total sales of 40 properties. This marks a 13.8% increase in sales compared to May 2025, indicating robust buyer demand amidst limited inventory.

Market Analysis

The current market conditions in Greater San Diego reflect a strong seller's market, characterized by a low months of inventory at 1.7. With 73 active listings available, the supply remains tight, contributing to a sales-to-new-listings ratio (SNLR) of 75.5%. This indicates that sellers are successfully moving their properties, as evidenced by the increase in total sales from 33 in May 2025 to 40 in May 2026. Despite a slight decrease in the composite benchmark price from $780,000 in April 2026, the overall market remains competitive, driven by persistent buyer interest.

Property Type Analysis

The breakdown of sales by property type reveals that detached homes dominate the market, with 33 sales recorded in May 2026. In contrast, attached properties, including townhouses, saw 7 sales. The median price for detached homes is reported at $815,000, reflecting a healthy demand, while attached properties have a median price of $535,000, indicating a more affordable segment that is also experiencing significant buyer activity, with a year-over-year sales increase of 75%.

Regional Highlights

Within the Spring Valley area, the market dynamics are particularly noteworthy. Detached homes have a median price of $815,000, with a closed sales percentage exceeding the list price at 101.4%. The inventory for detached homes stands at 47, with a months supply of 1.7, further emphasizing the competitive nature of this segment. Meanwhile, attached properties have a slightly longer days on market at 49, suggesting that while they are selling, they may require more strategic pricing or marketing efforts.

For Buyers

Prospective buyers are encouraged to act quickly in the current market, as the low inventory levels mean that desirable properties may not remain available for long. Buyers should be prepared to make competitive offers and consider flexible financing options to enhance their chances of securing a home.

For Sellers

Sellers are in a favorable position in the current market, with high demand and a strong sales-to-new-listings ratio. To maximize sale prices, sellers should consider pricing their homes strategically based on recent comparable sales and be ready to respond to offers promptly to capitalize on buyer interest.