Greater San Diego Association of REALTORS® Market Report: June 2026

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market shows robust activity with a composite benchmark price of $2,500,000. Total sales reached 44, marking a significant 60% increase year-over-year, while active listings stand at 161.

Market Analysis

The San Diego real estate market continues to favor sellers, evidenced by a months of inventory (MOI) of 3.7, indicating a tight supply relative to demand. The sales-to-new-listings ratio (SNLR) of 51.2% suggests that more than half of the new listings are being absorbed by buyers, further emphasizing the competitive nature of the current market. Compared to May 2026, total sales decreased slightly from 51 to 44, although the year-over-year comparison highlights a strong recovery from the previous year’s figures.

Property Type Analysis

In June, detached homes accounted for 24 sales, while attached and townhouse properties saw 20 sales. The absence of benchmark prices for these categories indicates a need for further analysis, but the sales figures suggest a balanced interest across property types. The market for detached homes remains particularly strong, aligning with the overall trend of increased buyer activity in the region.

Regional Highlights

The La Jolla area, specifically zip code 92037, reflects notable trends with 41 new listings and a median closed price of $3,250,000, which is down 12.2% year-over-year. Despite this decline in median price, the area saw a 60% increase in closed sales, indicating a resilient demand amidst fluctuating prices. The inventory in La Jolla stands at 84, with a months supply of 3.7, mirroring the broader market's seller-favorable conditions.

For Buyers

Prospective buyers should remain vigilant in this competitive market, as the limited inventory and high demand can lead to quick sales. It is advisable to secure pre-approval for financing and to be prepared to act swiftly when suitable properties become available.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes competitively and ensuring they are in optimal condition for showings. With a strong demand and a favorable sales-to-new-listings ratio, well-presented homes are likely to attract multiple offers.