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 shows a notable increase in sales, with a total of 17 transactions, up 66.7% from the same month last year. New listings rose to 19, while active listings decreased to 34, resulting in a months of inventory of 2.1.

Market Analysis

The Greater San Diego real estate market continues to exhibit strong seller conditions as demand outpaces supply. With a sales-to-new-listings ratio (SNLR) of 89.5%, homes are selling quickly, indicating that buyers are actively seeking properties. The months of inventory has increased slightly from 1.4 in April 2026 to 2.1 in May, suggesting that while inventory is still low, it is beginning to stabilize as new listings come onto the market. This environment favors sellers, who are likely to receive competitive offers on their properties.

Property Type Analysis

In May, detached homes accounted for the majority of sales with 10 transactions, while attached homes, including townhouses, saw 7 sales. The median price for detached homes was reported at $1,425,000, reflecting a year-over-year decrease of 6.6%, while attached homes had a median price of $1,015,000, which represents an 8% increase year-over-year. The contrasting trends in pricing between property types suggest varying levels of demand and buyer preferences in the current market.

Regional Highlights

The Carlsbad NE area, specifically zip code 92010, has shown dynamic activity with 9 new detached listings and a closed sales rate of 10 homes, indicating a competitive market. The inventory for detached homes stands at 15, contributing to a months supply of 2.1, while attached homes have a higher months supply of 5, reflecting a slower absorption rate. These regional trends highlight the nuanced differences in market performance across property types and neighborhoods.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the high sales-to-new-listings ratio indicates that desirable properties are moving quickly. Buyers should be prepared to make competitive offers and consider their financing options to enhance their purchasing power.

For Sellers

Sellers are in a favorable position, with strong demand and a limited supply of homes. To maximize their return, sellers should ensure their properties are well-presented and priced competitively based on recent sales data. Engaging a knowledgeable REALTOR® can provide valuable insights into pricing strategies and marketing approaches.