Greater San Diego Association of REALTORS® Reports Balanced Market in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market shows signs of balance, with total sales reaching 10 properties, a significant increase of 125% compared to the same month last year. Active listings stand at 30, resulting in a months of inventory (MOI) of 4.0, indicating a stable market environment.

Market Analysis

The Greater San Diego real estate market in May 2026 reflects a balanced condition, with a sales-to-new-listings ratio (SNLR) of 166.7%. This ratio suggests that demand is keeping pace with supply, as the number of new listings (6) is relatively low compared to the total sales. The months of inventory at 4.0 indicates that the market is neither favoring buyers nor sellers, providing an opportunity for both parties to engage in transactions without significant pressure.

Property Type Analysis

Sales activity is predominantly driven by detached homes, which accounted for 9 of the total sales. The attached/townhouse segment saw only 1 sale, highlighting a disparity in demand between property types. The median price for detached homes stands at $1,405,000, while attached homes have a median price of $585,000, showcasing the premium buyers place on detached properties in this market.

Regional Highlights

In the Bonsall area (zip code 92003), the market exhibits similar trends, with 9 closed sales of detached homes and a median price of $1,405,000. The inventory remains tight with 21 active listings and a months supply of 4, indicating that the region is experiencing strong demand relative to the available supply. The attached market in this area, however, has seen a decline in closed sales, dropping by 50% year-over-year, which may suggest a shift in buyer preferences or market saturation.

For Buyers

Prospective buyers are encouraged to act quickly in the current market, as the balanced conditions may not last indefinitely. With a limited number of new listings and a strong sales-to-new-listings ratio, buyers should be prepared to make competitive offers on properties that meet their needs.

For Sellers

Sellers should take advantage of the current balanced market by pricing their homes competitively and ensuring they are well-prepared for showings. With a stable months of inventory, well-presented properties are likely to attract interest from buyers, making it an opportune time to list.