Greater San Diego Association of REALTORS®: March 2026 Market Report Shows Benchmark Price at $900,000 Amidst Strong Sales Growth

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports the Composite Benchmark Price reached $900,000 in March 2026. Total sales increased to 52, marking a significant 37.8% rise year-over-year, indicating a sellers' market.

Market Analysis

The Greater San Diego housing market experienced robust activity in March 2026, with the Composite Benchmark Price climbing to $900,000. This represents an increase from $820,000 in February 2026 and $882,736 in March 2025. Total sales reached 52, a substantial 37.8% increase compared to 46 sales in March 2025, and a notable rise from 30 sales in February 2026. These trends, as published by the Greater San Diego Association of REALTORS®, firmly establish a sellers' market condition.

Supply dynamics show 87 new listings entered the market, contributing to 182 active listings. This is an increase from 158 active listings in February 2026 and 163 in March 2025. Despite the increase in active listings, the Months of Inventory remained stable at 3.4, consistent with 3.3 months in February 2026 and 3.5 months in March 2025. The Sales to New Listings Ratio (SNLR) stands at 59.8%, indicating strong absorption of new inventory.

Property Type Analysis

An analysis of property types reveals a significant disparity in sales volume. Detached homes accounted for 51 of the total sales in March 2026. In contrast, attached/townhouse properties recorded only 1 sale. Sales data for apartment properties is not available for this period.

Regional Highlights

In the Fallbrook (92028) region, the detached housing market showed strong performance. There were 51 closed sales for detached homes, with a median price of $936,351. These properties spent an average of 68 days on the market and sold for 98.3% of their list price. The detached market in Fallbrook saw a 37.8% increase in closed sales year-over-year, with the median price rising by 3% over the same period. The months of supply for detached homes in Fallbrook stood at 3.4.

Conversely, the attached housing market in Fallbrook (92028) experienced a significant downturn in sales, with only 1 closed sale. The median price for attached properties was $719,000, selling at 100% of list price after 47 days on market. Despite a 12.4% year-over-year increase in median price, closed sales for attached properties in Fallbrook decreased by 90% compared to the prior year. The months of supply for attached homes in Fallbrook was 7.6, indicating a more balanced to buyer-leaning market for this property type within the region.

For Buyers

Buyers in the Greater San Diego market should be prepared for competitive conditions, particularly for detached properties. With rising benchmark prices and strong sales activity, securing pre-approval and acting decisively on desirable listings are crucial steps. Consulting with a REALTOR® can provide valuable insights into specific neighborhood dynamics and help navigate the current sellers' market.

For Sellers

Sellers are currently in a favorable position within the Greater San Diego market. With the Composite Benchmark Price increasing and sales volume rising significantly year-over-year, demand remains strong. Pricing strategies should reflect current market values, and preparing homes for quick sale can capitalize on the low Months of Inventory and high Sales to New Listings Ratio. Working with a REALTOR® can help maximize exposure and achieve optimal outcomes.