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 experienced a total of 9 sales, reflecting a 20% decrease compared to the same month last year. New listings rose to 11, while active listings increased to 50, resulting in 8.3 months of inventory, indicating a buyer's market.

Market Analysis

The San Diego real estate market continues to show signs of a buyer's market as total sales decreased from 10 in May 2025 to 9 in May 2026. The increase in active listings from 41 to 50 over the same period, alongside a rise in months of inventory from 5.8 to 8.3, suggests that buyers have more options available, which is contributing to the decline in sales. The current sales-to-new-listings ratio (SNLR) of 81.8% indicates that while listings are being absorbed, the pace is slower than in previous months.

Property Type Analysis

In May 2026, detached homes dominated the sales with 8 transactions, while attached/townhouse properties accounted for only 1 sale. The increase in new listings for detached homes to 8, compared to 6 closed sales in April 2026, suggests a slight uptick in market activity for this property type. However, the overall decline in sales year-over-year indicates that buyers are cautious, particularly in the attached segment, which saw only 1 sale this month.

Regional Highlights

The Borrego Springs area, represented by ZIP code 92004, reported a total of 8 closed sales for detached homes with a median price of $359,000, reflecting a 20% decrease in closed sales year-over-year. The attached market in this region saw 1 sale with a median price of $204,000, indicating a stable demand despite the overall market slowdown. The months of supply for both property types suggest that inventory levels are adequate to meet current buyer demand.

For Buyers

For potential buyers in the Greater San Diego area, the current market conditions present an opportunity to negotiate better terms due to the increased inventory and slower sales pace. Buyers should consider taking their time to evaluate properties and leverage the current buyer's market to secure favorable pricing.

For Sellers

Sellers are advised to be realistic about pricing and to prepare for a potentially longer selling period given the current market dynamics. With an increase in inventory and a decrease in sales, it is crucial for sellers to present their properties competitively and consider staging or minor renovations to attract buyers.