Greater San Diego REALTORS®: March 2026 Market Report Highlights Tight Inventory and Modest Sales Growth

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports a total of 8 sales in March 2026, a slight increase from 7 sales in February 2026 but a decrease from 11 sales recorded in March 2025. New listings totaled 14, while active listings stood at 12, contributing to 2.7 months of inventory. The sales-to-new-listings ratio (SNLR) for the month was 57.1%, indicating a competitive environment for buyers.

Market Analysis

The market conditions in March 2026 are characterized as a sellers' market, primarily driven by limited inventory. With 12 active listings and 2.7 months of inventory, the supply remains constrained despite a modest increase in active listings from 9 in February 2026. This tight supply environment suggests continued competition among buyers for available properties.

Sales activity saw a slight uptick from the prior month, moving from 7 total sales in February to 8 in March. However, compared to the prior year, March 2025 recorded 11 sales, indicating a year-over-year decline in transaction volume. The months of inventory increased from 1.2 in February 2026 and 1.8 in March 2025, suggesting a slight easing of the extreme inventory crunch, though still firmly in sellers' market territory. Given the small sample size of sales, percentage changes should be interpreted with caution, and absolute counts provide a clearer picture of market activity.

The sales-to-new-listings ratio of 57.1% further underscores the demand exceeding new supply, as more than half of the new listings resulted in sales during the period. This dynamic typically favors sellers, allowing for quicker sales and potentially more favorable terms.

Property Type Analysis

A breakdown by property type reveals that detached homes accounted for 5 of the 8 total sales, while attached/townhouse properties made up the remaining 3 sales. For detached homes, the median price was $2,475,000, with properties selling at an average of 100.3% of their list price and spending an average of 43 days on the market. This indicates strong demand and effective pricing strategies for detached properties.

Attached properties recorded a median price of $1,200,000, selling at 97.1% of their list price after an average of 66 days on the market. The difference in days on market and list price percentage suggests detached homes are experiencing slightly more rapid sales and achieving closer to, or above, asking prices compared to attached properties. Notably, the reported inventory for attached homes was 0, highlighting an extremely limited selection in this segment.

Regional Highlights

Focusing on the 92007 zip code, the market exhibited distinct trends for different property types. Detached homes saw 10 new listings and 5 closed sales, with a median price of $2,475,000. These properties spent an average of 43 days on the market and sold for 100.3% of their original list price. The median price for detached homes in 92007 experienced a year-over-year increase of 33.1%.

Attached homes in 92007 recorded 4 new listings and 3 closed sales, with a median price of $1,200,000. These homes were on the market for an average of 66 days and sold for 97.1% of their list price. The median price for attached homes in this area saw a year-over-year decrease of 57.9%. These figures, while specific to a localized area, illustrate the varied performance within the broader San Diego market.

For Buyers

In this sellers' market with limited inventory, buyers should be prepared to act quickly and decisively. Securing pre-approval for financing is crucial, and presenting strong, competitive offers may be necessary to stand out. Working closely with a REALTOR® can provide valuable insights into specific neighborhood dynamics and help navigate the competitive landscape effectively.

For Sellers

Sellers in the current market conditions are well-positioned, particularly with low months of inventory. Proper pricing remains key to attracting serious buyers and maximizing returns. Ensuring homes are well-prepared and staged can further enhance appeal and potentially lead to multiple offers. Collaborating with a REALTOR® can help sellers strategically price and market their properties to capitalize on current demand.