Greater San Diego REALTORS®: April 2026 Sees Sales Decline 23.5% Year-Over-Year Amidst Tight Inventory

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market experienced a notable slowdown in April 2026, with total sales reaching 15, a 23.5% decrease compared to April 2025. Active listings stood at 50, contributing to a Months of Inventory (MOI) of 3.2, indicating a market favoring sellers.

Market Analysis

Total sales in the Greater San Diego market decreased to 15 in April 2026, down from 19 sales in April 2025, representing a 23.5% year-over-year decline. Sales also saw a slight dip from 16 recorded in March 2026. Despite the decrease in sales activity, the market maintains its status as a sellers' market, as reported by the Greater San Diego Association of REALTORS®.

Active listings increased to 50 in April 2026, up from 38 in March 2026 and 43 in April 2025. This rise in available homes contributed to an increase in Months of Inventory (MOI) to 3.2, compared to 2.3 in March 2026 and 2.8 in April 2025. New listings totaled 31 for the month, while the Sales to New Listings Ratio (SNLR) was 48.4%, indicating that nearly half of the new inventory is absorbed by buyers.

Property Type Analysis

Detached homes continued to dominate the sales landscape in April 2026, accounting for 13 of the 15 total sales. Attached/townhouse properties made up the remaining 2 sales. This distribution highlights the sustained demand for single-family residences within the Greater San Diego market.

Regional Highlights

In the 92029 Escondido West area, detached homes recorded 13 closed sales in April 2026, with a median price of $1,331,000. This median price reflects a 2.4% year-over-year increase for detached properties in this specific region. The months of supply for detached homes in Escondido West was 3.2.

Attached properties in Escondido West (92029) saw 2 closed sales with a median price of $652,500. This median price for attached homes in the area experienced a 14.7% year-over-year decrease. The months of supply for attached homes was 1.6.

For Buyers

Buyers in the Greater San Diego market face a competitive environment, despite a slight increase in inventory. With a Months of Inventory at 3.2, properties are still moving quickly. Buyers should be prepared to act decisively, secure pre-approval, and work closely with a REALTOR® to navigate offers effectively.

For Sellers

Sellers continue to benefit from a market that favors their position. While active listings have increased, demand remains strong, as evidenced by the 48.4% Sales to New Listings Ratio. Sellers should focus on strategic pricing and optimal home presentation to attract competitive offers and maximize their property's value.