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 $875,000, reflecting a 1.7% increase from April. Total sales decreased to 48, down from 53 in the previous month, while active listings rose slightly to 200.

Market Analysis

The San Diego housing market continues to exhibit seller-favorable conditions, with a months of inventory (MOI) at 3.8, indicating a balanced yet competitive environment. The sales-to-new-listings ratio (SNLR) stands at 64.0%, suggesting that homes are being absorbed at a steady pace despite a slight year-over-year decline in sales of 2.1%. This trend indicates that while demand remains relatively strong, it is not keeping pace with the previous year's performance.

Property Type Analysis

In May, detached homes dominate the sales landscape with 46 transactions, while attached properties, including townhouses, account for only 2 sales. The lack of significant movement in the attached market, which has seen a dramatic 75% decrease in closed sales year-over-year, highlights the ongoing preference for detached homes amidst the current market dynamics.

Regional Highlights

The Fallbrook area, specifically zip code 92028, showcases a robust market with 67 new listings and a median closed price of $942,500, reflecting a 9.5% increase year-over-year. This region's performance contrasts with the overall market, emphasizing localized trends that may provide opportunities for both buyers and sellers.

For Buyers

Potential buyers are encouraged to act promptly as the current market conditions favor sellers, particularly in the detached home segment. With a limited inventory of 200 active listings, buyers should be prepared to make competitive offers to secure their desired properties.

For Sellers

Sellers are advised to leverage the current market conditions by pricing their homes strategically to attract buyers quickly. With a solid SNLR of 64.0%, homes that are well-presented and priced appropriately are likely to receive favorable attention and offers.