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 composite benchmark price of $770,000, reflecting a slight decrease from $772,500 in April. Total sales remain steady at 29 transactions, while active listings rise to 96, indicating a competitive market for sellers.

Market Analysis

The San Diego housing market continues to exhibit seller-favorable conditions, with a months of inventory (MOI) of 2.8, up from 2.5 in April. Despite the stable sales figures, the year-over-year sales have decreased by 9.1%, highlighting a potential cooling in buyer activity compared to the previous year. The strong seller's market is evidenced by a sales-to-new-listings ratio (SNLR) of 55.8%, suggesting that homes are moving quickly in this environment.

Property Type Analysis

In May, detached homes accounted for the majority of sales with 20 transactions, while attached properties, including townhouses, saw 9 sales. The lack of benchmark pricing for these categories makes direct price comparisons challenging, but the disparity in sales volume indicates a stronger demand for detached homes in the current market.

Regional Highlights

Regionally, the El Cajon area demonstrates notable trends, with detached homes showing a median price of $988,500 and a closed sales year-over-year decline of 9.1%. Conversely, attached homes in the same region have a median price of $568,000, with a more significant year-over-year increase of 27.6%, suggesting a growing interest in more affordable housing options.

For Buyers

Prospective buyers should remain vigilant in the current market, as inventory levels are low and competition among buyers persists. It is advisable to act quickly when suitable properties become available and to be prepared for potential bidding wars.

For Sellers

Sellers are in a favorable position, with a strong demand for homes and a relatively low inventory. To maximize their selling potential, homeowners should consider pricing their properties competitively and ensuring they are in optimal condition to attract buyers swiftly.