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 saw a total of 51 sales, a 2.8% decrease from the previous year. New listings increased to 70, contributing to a total of 131 active listings and a months of inventory (MOI) of 2.7, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market continues to exhibit strong seller conditions, with a sales-to-new-listings ratio (SNLR) of 72.9%. This suggests that demand remains robust despite a slight year-over-year decline in sales. The inventory level of 131 active listings reflects a tightening market, as the number of new listings has not kept pace with sales, leading to a MOI of 2.7, which is consistent with the previous month but slightly higher than the 2.2 months recorded in May 2025.

Property Type Analysis

In May 2026, detached homes accounted for 35 of the total sales, while attached properties, including townhouses, contributed 16 sales. The market for detached homes remains particularly competitive, with a median price of $1,825,000 and a closed sales year-over-year change of -2.8%. Attached properties have shown resilience with a median price of $749,500 and a notable year-over-year increase in closed sales of 23.1%, indicating a growing interest in this segment.

Regional Highlights

The 92009 zip code, which includes Carlsbad Southeast, has seen a balanced market with 35 closed sales for detached homes and a median price of $1,825,000. The attached market in the same region has also performed well, with a median price of $749,500 and a strong closed sales performance, suggesting a healthy demand for both property types in this desirable area.

For Buyers

Buyers are encouraged to act quickly in the current market, as the limited inventory and strong demand can lead to competitive bidding situations. It is advisable for buyers to be pre-approved for financing and to have a clear understanding of their budget to make swift and informed decisions.

For Sellers

Sellers are in a favorable position with the current market dynamics. To maximize their return, it is essential to price properties competitively and ensure they are in excellent condition to attract potential buyers. Engaging a knowledgeable REALTOR® can help navigate the selling process effectively.