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 signs of cooling, with a composite benchmark price of $1,777,500 and total sales decreasing by 24% year-over-year to 51 transactions. Active listings have increased to 160, reflecting a shift towards a more favorable environment for sellers.

Market Analysis

The San Diego real estate market is currently characterized by a seller's market, with a sales-to-new-listings ratio (SNLR) of 75.0%. Despite a decrease in total sales compared to last year, the months of inventory stands at 3.8, indicating a relatively balanced market. The decline in sales is accompanied by a notable increase in new listings, which rose to 68 in May, suggesting that sellers are responding to the current market dynamics by listing their properties.

Property Type Analysis

In May, detached homes accounted for 19 sales, while attached and townhouse properties saw a higher volume of 32 sales. The lack of available benchmark prices for these categories makes direct price comparisons challenging; however, the disparity in sales numbers indicates a stronger demand for attached properties in the current market. This trend may reflect changing buyer preferences towards lower maintenance living options amidst rising interest rates.

Regional Highlights

The La Jolla area, specifically zip code 92037, continues to exhibit resilience, with a median price of $3,473,600 for detached homes and a notable year-over-year increase of 5.3%. In contrast, attached homes in the same region have a median price of $1,327,500, reflecting an 18.8% increase year-over-year, further emphasizing the demand for this property type. The overall inventory in La Jolla remains tight, with a months supply of 3.8 for detached homes and 3.2 for attached homes.

For Buyers

Prospective buyers are encouraged to act decisively in the current market, as the increase in new listings may provide more options. However, with the current seller's market dynamics, buyers should be prepared to make competitive offers, particularly on attached properties that are experiencing higher demand.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are well-prepared for showings. With an increase in active listings, it is crucial to highlight unique features and maintain flexibility in negotiations to attract potential buyers.