Greater San Diego REALTORS®: March 2026 Market Sees Sales Dip Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market in March 2026 reports a total of 23 sales, a 7.7% decrease compared to March 2025. New listings reached 48, while active listings stood at 69, contributing to a sellers' market with 2.4 months of inventory.

Market Analysis

The Greater San Diego housing market remained a sellers' market in March 2026, as reported by the Greater San Diego Association of REALTORS®. Total sales for the month were 23, marking a 7.7% decline from the 24 sales recorded in March 2025. This decrease in sales activity occurred despite a slight increase in active listings to 69, up from 57 in February 2026, but still significantly lower than the 82 active listings in March 2025.

Months of inventory (MOI) for March 2026 was 2.4, indicating a tight supply environment, though it represents an increase from 1.7 months in February 2026 and a substantial decrease from 4.0 months in March 2025. New listings totaled 48 for the month. The sales-to-new-listings ratio (SNLR) was 47.9%, suggesting that nearly half of all new listings are absorbed into sales within the period.

Property Type Analysis

In March 2026, detached homes accounted for 12 sales, while attached/townhouse properties saw 11 sales, as reported by the Greater San Diego Association of REALTORS®. The sales figures highlight a relatively balanced distribution of transactions between these two primary property types within the overall market.

Regional Highlights

Within the 92008 Carlsbad NW submarket, detached homes recorded 12 closed sales in March 2026, matching the overall detached sales count for the Greater San Diego area. The median sales price for detached homes in this specific zip code was $2,010,500, reflecting a 5.8% year-over-year increase in median price. These homes sold at 99.8% of their list price with a median of 21 days on market, according to figures published by the Greater San Diego Association of REALTORS®.

Attached properties in 92008 Carlsbad NW saw 11 closed sales, with a median sales price of $1,370,000, representing a significant 29.1% year-over-year increase in median price. These properties achieved 98.4% of their list price but took longer to sell, with a median of 90 days on market. Months of supply for detached homes in 92008 was 2.4 months, while attached homes had 3.5 months of supply.

For Buyers

Buyers in the Greater San Diego market face a competitive environment characterized by limited inventory and a sellers' market condition. With 2.4 months of inventory, properties are moving quickly. Prospective buyers should be prepared to act decisively, secure pre-approval for financing, and work closely with their REALTOR® to identify opportunities and craft competitive offers.

For Sellers

Sellers in the Greater San Diego market continue to benefit from strong demand and low inventory levels. With a sales-to-new-listings ratio of 47.9% and a market condition favoring sellers, properties are attracting significant interest. To maximize their position, sellers should focus on strategic pricing, professional staging, and effective marketing to capitalize on the current market dynamics.