Greater San Diego Association of REALTORS®: March 2026 Market Sees Balanced Conditions Amidst Stable Sales Volume

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced balanced conditions in March 2026, recording 6 total sales, a figure consistent with the prior month. New listings totaled 12, contributing to 28 active listings by month-end, according to figures published by the Greater San Diego Association of REALTORS®.

Market Analysis

The Greater San Diego housing market maintained a balanced state in March 2026, characterized by 4.6 months of inventory. This represents an increase from February 2026, which saw 3.5 months of inventory, indicating a slight easing in market tightness. Compared to March 2025, when months of inventory stood at 5.6, the current market shows a reduction in supply relative to demand over the past year.

Total sales for March 2026 reached 6, matching the sales volume observed in February 2026. This also marks a slight increase from the 5 sales recorded in March 2025. With only 6 sales reported for the month, percentage changes in sales volume are not meaningful, and absolute counts provide a clearer picture of market activity. The sales-to-new-listings ratio (SNLR) for March 2026 was 50.0%, suggesting that half of the new inventory introduced to the market found a buyer within the reporting period.

Active listings increased to 28 in March 2026, up from 24 in February 2026 and slightly higher than the 27 active listings in March 2025. This modest growth in available homes, coupled with stable sales activity, supports the balanced market condition reported by the Greater San Diego Association of REALTORS®.

Property Type Analysis

In March 2026, detached homes accounted for the majority of sales, with 5 transactions reported. Attached homes, including townhouses, saw 1 sale during the month. This distribution highlights the continued preference for or availability of detached properties in the market.

For the 92003 Bonsall area, specific data from the Greater San Diego Association of REALTORS® indicates a median price of $1,400,000 for detached homes that closed in March, with these properties spending an average of 177 days on the market. Attached homes in Bonsall recorded a median price of $502,000 and a significantly shorter average of 37 days on the market, suggesting quicker absorption for this property type in that specific submarket.

Regional Highlights

The regional market, as reflected in the Greater San Diego Association of REALTORS® data, indicates a consistent, albeit low, level of sales activity. The stability in total sales from February to March 2026, alongside a modest increase in active listings, suggests a market finding its equilibrium. The increase in months of inventory from 3.5 to 4.6 month-over-month points to a slightly less competitive environment for buyers compared to the immediate prior month.

For Buyers

Buyers in the Greater San Diego market are navigating a balanced environment with 4.6 months of inventory, offering more selection than the prior month. While sales volume remains low, the slight increase in active listings to 28 provides more options. Prospective buyers should consult with a REALTOR® to understand specific submarket conditions, particularly given the varied performance seen between property types and areas like Bonsall, and be prepared to act when suitable properties become available.

For Sellers

Sellers in the Greater San Diego area are operating in a balanced market where properties are taking longer to sell compared to recent periods, as indicated by the increase in months of inventory. With 12 new listings added in March and 28 active listings overall, competition exists. Sellers should work closely with their REALTOR® to price their homes competitively, considering factors such as the median price of $1,400,000 for detached homes in areas like Bonsall, and focus on presentation to attract serious buyers in this environment.