Greater San Diego Association of REALTORS® Market Report – July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market recorded a total of 39 sales, a slight decrease of 3.2% compared to the same month last year. The active listings rose to 115, with new listings totaling 58, indicating a competitive environment for sellers.

Market Analysis

The San Diego real estate market continues to show signs of stability, with a months of inventory (MOI) at 2.5, slightly up from 2.3 in June 2026. This figure suggests a seller's market, as the supply of homes remains limited relative to demand. The sales-to-new-listings ratio (SNLR) stands at 67.2%, reflecting a healthy absorption rate of new listings, although total sales have decreased from 43 in June to 39 in July. Year-over-year, sales have only dipped slightly, indicating that while the market is cooling, it remains active.

Property Type Analysis

In July, detached homes accounted for the majority of sales with 30 transactions, while attached properties, including townhouses, saw 9 sales. The market for detached homes remains robust, likely due to their desirability in the region. The average days on market for both property types is 23, suggesting that homes are selling relatively quickly, although the inventory levels for attached homes are higher, leading to a slightly longer months of supply at 3.4 compared to 2.5 for detached homes.

Regional Highlights

Encinitas, a notable area within the Greater San Diego region, reported 30 closed sales of detached homes with a median price of $2,183,750, reflecting a 15.7% increase year-over-year. In contrast, the attached market in the same area saw 9 closed sales with a median price of $1,317,000, which is a slight decrease of 2.4% year-over-year. This divergence in performance highlights the ongoing demand for detached homes in desirable neighborhoods.

For Buyers

Prospective buyers are encouraged to act swiftly, as the limited inventory and strong demand can lead to competitive bidding situations. With a current months of inventory at 2.5, buyers should be prepared to make timely offers on properties that meet their criteria.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition for showings. With a healthy sales-to-new-listings ratio, homes that are well-prepared can attract multiple offers, potentially leading to favorable selling prices.