Greater San Diego REALTORS®: Sales Decline 53.6% Year-Over-Year in April 2026 Amidst Tight Inventory

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market reports 16 total sales in April 2026, a significant 53.6% decrease compared to April 2025. New listings totaled 33, while active listings reached 55, contributing to a Months of Inventory (MOI) of 1.6, indicating a sellers' market.

Market Analysis

Total sales in April 2026 stood at 16, a notable decline from 19 sales in March 2026 and a substantial 53.6% decrease from the 37 sales recorded in April 2025. Despite the drop in sales volume, the market maintains a sellers' condition, as indicated by a Months of Inventory (MOI) of 1.6.

Active listings increased slightly to 55 in April 2026, up from 52 in March 2026, but remain lower than the 62 active listings seen in April 2025. New listings for the month were 33. The Sales-to-New-Listings Ratio (SNLR) for April 2026 is 48.5%, suggesting that nearly half of new listings are absorbed by sales within the period.

The current MOI of 1.6, while slightly higher than March's 1.4, is still well below the 2.3 MOI from April 2025, underscoring persistent inventory constraints. This tight supply environment continues to favor sellers, despite the overall reduction in transaction volume reported by the Greater San Diego Association of REALTORS®.

Property Type Analysis

Detached homes accounted for the majority of sales in April 2026, with 13 transactions, while attached properties recorded 3 sales. In the 92040 zip code, detached homes saw a median price of $820,000, representing a 3.8% decrease year-over-year, with 13 closed sales, a 53.6% decline from the prior year. Attached homes in the same area had a median price of $390,000, a 10.3% decrease year-over-year, with 3 closed sales, down 66.7% from April 2025.

Inventory levels vary significantly by property type within the 92040 area, with detached homes showing 1.6 months of supply, aligning with the broader market's sellers' condition. Attached homes, however, exhibit a higher 5.3 months of supply, suggesting a more balanced or potentially buyer-friendly environment for this segment in that specific region.

Regional Highlights

Regional data from the 92040 zip code (Lakeside) provides further insight into market dynamics. Detached homes in Lakeside recorded 22 new listings and 13 closed sales in April 2026. The median price for detached homes in this area was $820,000, with homes selling at 98.8% of list price and an average of 67 days on market.

For attached properties in Lakeside, there were 11 new listings and 3 closed sales. The median price for attached homes stood at $390,000, achieving 99.4% of list price with a rapid 10 days on market. These localized figures, published by the Greater San Diego Association of REALTORS®, illustrate specific trends within sub-markets.

For Buyers

Buyers in the Greater San Diego market face tight inventory, particularly for detached homes. While overall sales volume has decreased, the market remains competitive. Prospective buyers should be prepared to act decisively, especially on well-priced properties, and work closely with a REALTOR® to navigate current conditions and understand specific sub-market nuances, such as the varied months of supply for different property types.

For Sellers

Sellers continue to benefit from a market favoring their position, with a Months of Inventory at 1.6. Despite a year-over-year decline in sales volume, properties that are strategically priced and well-presented can still attract strong interest. Sellers should consult with their REALTOR® to accurately price their homes based on current market data and be prepared for potential negotiation, particularly for attached properties where inventory levels may be higher in some areas.