Greater San Diego Association of REALTORS®: March 2026 Market Sees Sales Surge 116.7% Year-Over-Year Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a significant surge in activity during March 2026, with total sales reaching 20 units. This represents a substantial 116.7% increase in sales compared to March 2025, as the market continues to favor sellers with just 1.6 months of inventory available, according to figures published by the Greater San Diego Association of REALTORS®.

Market Analysis

The Greater San Diego market demonstrates robust activity in March 2026, with total sales climbing to 20 units. This marks a substantial 116.7% increase from the 11 sales recorded in March 2025 and an increase from 13 sales in February 2026. The market remains firmly in sellers' territory, underscored by a low 1.6 months of inventory.

Supply and demand dynamics show 33 new listings entering the market, while active listings stand at 29. The Sales-to-New-Listings Ratio (SNLR) of 60.6% indicates strong buyer demand, with a significant portion of new inventory being absorbed. Months of inventory slightly increased from 1.5 in February 2026, yet remains consistent with the 1.5 months observed in March 2025, highlighting persistent demand relative to available homes.

Property Type Analysis

Detached homes recorded 13 sales in March, marking a significant 116.7% increase year-over-year. In the 92011 area, the median price for detached homes was $1,900,000, with properties selling for an average of 104% of their list price after spending 32 days on market.

Attached homes saw 7 sales, a 40% increase from the prior year. For attached properties in the 92011 area, the median price stood at $975,000, with homes selling at 95.4% of their list price and an average of 22 days on market. Both detached and attached homes in the 92011 area experienced year-over-year median price declines of 24.4% and 23.8%, respectively, despite the strong sales growth.

Regional Highlights

The Greater San Diego market continues to exhibit characteristics of a sellers' market, driven by sustained buyer interest and limited housing stock. The overall sales volume of 20 units, coupled with a low 1.6 months of inventory, underscores the competitive environment across the region.

The significant year-over-year sales growth of 116.7% indicates a strong rebound in transaction activity compared to March 2025. This robust demand, reflected in the 60.6% Sales-to-New-Listings Ratio, suggests that properties entering the market are quickly absorbed by eager buyers.

For Buyers

Buyers in the Greater San Diego market face a competitive landscape, characterized by low inventory and strong demand. It is crucial for prospective buyers to be pre-approved for financing, act swiftly when desirable properties become available, and consider making competitive offers to secure a home.

For Sellers

Sellers in the Greater San Diego area are well-positioned in the current market, which favors their interests. With low months of inventory and strong buyer activity, sellers should work with a REALTOR® to price their homes strategically, ensuring optimal exposure and capitalizing on the prevailing demand to achieve favorable outcomes.