Greater San Diego Association of REALTORS® Market Report – July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market experienced a notable decline in sales, with a total of 26 transactions recorded, a 40.7% decrease compared to the same month last year. The market remains in favor of sellers, with 70 active listings and a months of inventory (MOI) of 3.2.

Market Analysis

The San Diego housing market continues to show signs of cooling, as evidenced by the significant drop in year-over-year sales. With only 26 total sales this month, the market is experiencing a contraction in buyer activity, likely influenced by rising interest rates and economic uncertainties. Despite the decrease in sales, the seller's market persists, indicated by a strong sales-to-new-listings ratio (SNLR) of 68.4%, suggesting that homes are still moving relatively quickly when listed.

Property Type Analysis

In July, detached homes accounted for 16 of the total sales, while attached homes, including townhouses, contributed 10 sales. The market for detached properties appears to be more robust, as they represent a larger share of the transactions, although both segments are facing challenges in terms of buyer demand compared to the previous year. The median price for detached homes remains high, reflecting the ongoing desirability of single-family residences in the region.

Regional Highlights

Regionally, the Lakeside area (zip code 92040) shows a mixed performance with 32 new listings and 16 closed sales, maintaining a median price of $840,000. The attached market in the same region has seen a significant increase in closed sales, with a 66.7% year-over-year rise, indicating a shift in buyer preferences towards more affordable options amidst rising prices in the detached segment.

For Buyers

Prospective buyers are encouraged to act strategically in the current market. With a limited number of active listings and a favorable SNLR, buyers should be prepared to make competitive offers, particularly on well-priced properties. Conducting thorough market research and being pre-approved for financing can enhance buyers' chances of securing their desired home.

For Sellers

Sellers should leverage the current seller's market by pricing their homes competitively to attract potential buyers. Given the relatively low inventory and strong demand, homes that are well-presented and priced correctly are likely to sell quickly. Sellers are advised to work closely with their REALTORS® to develop effective marketing strategies that highlight their property's unique features.