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 signs of stability with 14 total sales, a 50% increase compared to May 2025. New listings totaled 20, contributing to a balanced market characterized by 4.5 months of inventory.

Market Analysis

The Greater San Diego real estate market remains balanced as of May 2026, with a sales-to-new-listings ratio (SNLR) of 70.0%. This indicates a healthy demand relative to supply, as the total sales of 14 reflect a significant increase from 9 sales in May 2025. The months of inventory at 4.5 suggests that the market is neither favoring buyers nor sellers, providing a stable environment for transactions.

Property Type Analysis

In terms of property types, detached homes accounted for the majority of sales with 9 transactions, while attached/townhouse properties saw 5 sales. The detached market continues to demonstrate strong demand, although specific benchmark prices are not available. The attached market, while smaller, has shown resilience with a notable year-over-year sales increase of 66.7%.

Regional Highlights

Focusing on the Del Mar area (zip code 92014), the detached market saw 9 closed sales with a median price of $4,050,000, reflecting a 29% increase year-over-year. The attached market, however, faced a decline in median price by 40.9% year-over-year, indicating varying trends within the region that may influence buyer preferences and investment decisions.

For Buyers

Potential buyers are advised to act promptly in the current balanced market, especially in desirable areas like Del Mar where inventory remains limited. With 20 new listings this month, buyers have opportunities to explore various options, but should be prepared for competitive bidding in sought-after segments.

For Sellers

Sellers are encouraged to take advantage of the current market dynamics by pricing their properties competitively. With a strong year-over-year increase in sales, particularly in the detached market, presenting homes in optimal condition can attract serious buyers and potentially lead to quicker sales.