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 saw a total of 25 sales, a decline of 17.6% compared to the same month last year. New listings totaled 47, while active listings remained steady at 98, resulting in a months of inventory of 1.8.

Market Analysis

The Greater San Diego real estate market is currently favoring sellers, as indicated by a strong sale-to-new-listing ratio (SNLR) of 53.2%. Despite a decrease in total sales from 34 in April 2026 to 25 in May 2026, the inventory levels have remained relatively stable, suggesting that demand continues to outpace supply. The months of inventory has decreased from 2.7 in April to 1.8 in May, highlighting a tightening market where homes are selling quickly.

Property Type Analysis

In May 2026, detached homes accounted for 14 sales, while attached homes and townhouses contributed 11 sales. The inventory dynamics differ significantly between these property types; detached homes have a lower months of supply at 1.8, indicating a competitive market, whereas attached homes show a higher months of supply at 5.7, suggesting a more balanced market for buyers in that segment.

Regional Highlights

The Oceanside South area, specifically zip code 92054, reflects notable trends with 19 new detached listings and 14 closed sales, showcasing a median price of $1,274,500. In contrast, the attached market in the same region has seen 28 new listings and 11 closed sales, with a median price of $1,200,000, indicating a year-over-year price increase of 39.1%. This disparity highlights the varying demand across property types within the region.

For Buyers

Buyers are encouraged to act swiftly in the current market, particularly in the detached home segment, where inventory is limited and competition is high. With a low months of inventory, homes are selling quickly, making it essential for buyers to be prepared with financing and to act decisively when they find a suitable property.

For Sellers

Sellers should capitalize on the current market conditions by pricing their homes competitively and ensuring they are in good condition to attract potential buyers. Given the favorable SNLR and low months of inventory, sellers can expect a strong interest in their properties, but they should be prepared for negotiations as buyers remain discerning.