Greater San Diego Association of REALTORS® Reports Steady Market Activity for May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market shows a slight decrease in total sales, with 7 transactions recorded, down from 8 in April. However, year-over-year sales have increased by 25%, indicating a robust demand amidst a competitive landscape.

Market Analysis

The current market conditions indicate a seller's advantage, with a sales-to-new-listings ratio (SNLR) of 70.0%. This suggests that homes are selling quickly, as evidenced by the 2.1 months of inventory available, down from 2.9 months in April. The decrease in active listings from 17 in April to 15 in May further emphasizes the tight supply, which is likely contributing to the upward pressure on prices, although specific price metrics remain unavailable for this period.

Property Type Analysis

In May, detached homes accounted for the majority of sales, with 5 transactions, while attached homes, including townhouses, saw 2 sales. The detached market remains strong, with a median price of $3,225,000, reflecting a year-over-year increase of 15.2%. In contrast, the attached market has experienced a decline, with a median price of $1,205,000, down 38.6% year-over-year, and a significant drop in closed sales by 50%. This disparity highlights the varying dynamics within different property types in the current market.

Regional Highlights

Focusing on the 92007 zip code, which includes Cardiff, the market showcases a healthy inventory of 10 detached homes and 5 attached homes. The demand remains high, with 7 pending transactions for detached properties, indicating strong buyer interest. The overall market conditions in this region reflect a trend of increasing sales activity compared to the previous year, despite fluctuations in pricing for attached homes.

For Buyers

Prospective buyers should act swiftly in the current market, as the low months of inventory suggest that desirable properties may not remain available for long. It is advisable for buyers to be prepared with pre-approval for financing and to act decisively when they find a property that meets their needs.

For Sellers

Sellers are in a favorable position in the current market, with strong demand and a low inventory of available homes. To maximize their selling potential, homeowners should consider pricing their properties competitively and ensuring they are in excellent condition to attract buyers quickly.