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 sees a total of 15 sales, a 25% decrease from 19 sales in May 2025. New listings increase to 30, contributing to a total of 55 active listings and a months of inventory (MOI) of 3.3, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market is currently experiencing a notable shift in dynamics, with total sales dropping to 15 in May 2026, down from 19 in the same month last year. Despite this decline in sales, the increase in new listings to 30 suggests that sellers are responding to market conditions by bringing more properties to market. The current months of inventory stands at 3.3, indicating a balanced market leaning towards sellers, as a MOI below 4 typically favors those listing their homes.

Property Type Analysis

The property type breakdown reveals that all 15 sales in May 2026 were for detached homes, while attached and townhouse properties saw no sales. This trend highlights a continued preference for detached homes among buyers, which may be attributed to the desire for more space and privacy, particularly in the current market climate. The absence of sales in the attached category suggests a potential opportunity for sellers in that segment to attract buyers with competitive pricing or incentives.

Regional Highlights

In the Escondido West area, the market shows a mix of activity with 28 new detached listings and 23 pending sales, indicating strong buyer interest despite the overall sales decline. The median price for closed sales in this region is reported at $1,349,999, reflecting a slight year-over-year decrease of 6.6%. This regional data suggests that while the broader market faces challenges, certain areas may still exhibit resilience and buyer engagement.

For Buyers

For potential buyers, this may be an opportune time to enter the market, especially with an increase in new listings. Buyers should consider evaluating detached homes, as they currently dominate sales. Engaging with a knowledgeable REALTOR® can provide insights into pricing trends and help navigate negotiations effectively.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes competitively and ensuring they are well-prepared for showings. With a months of inventory at 3.3, homes that are presented well and priced right may attract significant buyer interest, even in a market experiencing overall sales declines.