Greater San Diego Association of REALTORS®: March 2026 Market Report Shows Increased Sales Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a notable increase in sales activity in March 2026, with total sales reaching 37, a significant rise from 28 in February. Despite this surge, inventory remains tight at 2.1 months, indicating a sellers' market as the sales-to-new-listings ratio stands at 72.5%.

Market Analysis

The Greater San Diego housing market continues to favor sellers in March 2026, characterized by limited inventory and strong buyer demand. Total sales for the month reached 37, marking a substantial 32.1% increase from the 28 sales recorded in February 2026 and a 27.6% increase from the 29 sales in March 2025. However, year-over-year sales saw a slight decline of 5.6%.

New listings in March totaled 51, contributing to an active listing count of 81. This represents an increase from February's 69 active listings but a decrease from the 83 active listings observed in March 2025. The months of inventory currently stand at 2.1, a slight increase from 1.6 months in February 2026 but a decrease from 2.2 months in March 2025, underscoring the persistent supply constraints. The sales-to-new-listings ratio (SNLR) of 72.5% further highlights the robust demand relative to new supply.

Overall, the market dynamics reflect a competitive environment for buyers. While sales volume has picked up significantly month-over-month, the overall supply remains constrained, maintaining upward pressure on market activity and reinforcing the current sellers' market conditions.

Property Type Analysis

In March 2026, sales activity was relatively balanced between property types, with attached/townhouse properties recording 20 sales and detached homes accounting for 17 sales. For the 92054 (Oceanside South) area, detached homes saw 17 closed sales from 25 new listings, with a median price of $1,220,000. These properties spent an average of 31 days on market, selling at 96.5% of their list price. The median price for detached homes in 92054 experienced a year-over-year decrease of 5.4%, while closed sales also saw a 5.6% decline year-over-year.

Attached properties in 92054 recorded 20 closed sales from 26 new listings, with a median price of $1,125,000. These homes had a longer average of 42 days on market and sold at 96.9% of their list price. Notably, the median price for attached homes in 92054 surged by 56.3% year-over-year, and closed sales increased by an impressive 81.8% year-over-year. Data for apartment sales was not available for this period.

Regional Highlights

Regional data from the Greater San Diego Association of REALTORS® for March 2026 highlights specific trends in the 92054 (Oceanside South) zip code. Detached homes in Oceanside South reported 25 new listings, 19 pending sales, and 17 closed sales. The median price for detached homes stood at $1,220,000, with properties spending an average of 31 days on market and selling at 96.5% of their original list price. Inventory for detached homes in this area was 32 units, equating to 2.1 months of supply. Year-over-year, the median price for detached homes in 92054 decreased by 5.4%, and closed sales declined by 5.6%.

For attached properties in Oceanside South, there were 26 new listings, 17 pending sales, and 20 closed sales. The median price for attached homes was $1,125,000, with properties on the market for an average of 42 days and selling at 96.9% of their list price. The inventory for attached homes was 49 units, representing 3.8 months of supply. Significantly, attached homes in 92054 saw a substantial 56.3% year-over-year increase in median price and an 81.8% year-over-year increase in closed sales.

For Buyers

In this competitive sellers' market, prospective buyers in Greater San Diego should be prepared to act swiftly and decisively. Securing pre-approval for financing is crucial to demonstrate readiness and strengthen offers. Buyers should also be flexible with their criteria and consider properties that may require minor updates, as these could present opportunities to enter the market. Working closely with a knowledgeable REALTOR® who understands local market nuances is essential for navigating multiple offer situations and identifying suitable properties.

For Sellers

Sellers in the Greater San Diego market continue to hold an advantageous position. To maximize success, sellers should focus on presenting their homes in the best possible light, ensuring they are well-maintained and staged effectively to attract strong offers. While inventory remains low, competitive pricing is still key to generating interest and potentially multiple bids. Consulting with a REALTOR® to strategically price and market the property can help sellers capitalize on the current demand and achieve optimal outcomes.