Greater San Diego Association of REALTORS® Reports May 2026 Market Trends

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a total of 27 sales, a 25% decrease from the same month last year. New listings rose to 33, while active listings increased to 62, resulting in a months of inventory of 1.9.

Market Analysis

The Greater San Diego real estate market continues to show signs of a seller's market, characterized by a strong sales-to-new-listings ratio of 81.8%. Despite a decrease in total sales compared to May 2025, where there were 33 sales, the current inventory levels remain relatively low, with only 62 active listings available. This tight inventory is contributing to a competitive environment for buyers, as the months of inventory stands at just 1.9, indicating that homes are selling quickly.

Property Type Analysis

In May 2026, detached homes accounted for the majority of sales, with 21 transactions recorded, while attached homes, including townhouses, saw 6 sales. The detached market remains robust, with a significant number of new listings and a high percentage of homes selling close to their listing prices, reflecting continued demand. Conversely, the attached market shows signs of slowing, with a year-over-year decline in closed sales by 14.3%, suggesting that buyers may be more selective in this segment.

Regional Highlights

The Lakeside area, specifically ZIP code 92040, has shown notable activity with 21 closed sales of detached homes at a median price of $885,000. The inventory for detached homes in this region is currently at 34, with a months supply of 1.9, indicating strong demand. In contrast, the attached segment has a higher months supply at 6.1, suggesting a more balanced market for these properties.

For Buyers

Buyers in the Greater San Diego market should act swiftly, as homes are selling quickly due to limited inventory. It is advisable to get pre-approved for financing and to be prepared to make competitive offers, especially in desirable neighborhoods where demand remains high.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition for showings. With a strong sales-to-new-listings ratio, now is an opportune time to list properties, as buyers are actively seeking homes in this tight market.