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 shows continued strength with 53 total sales, marking a 66.7% increase compared to the same month last year. New listings rose to 75, contributing to a current inventory of 108 active properties.

Market Analysis

The San Diego housing market remains firmly in favor of sellers, evidenced by a months of inventory (MOI) of just 2.1, indicating a brisk pace of sales. The sales-to-new-listings ratio (SNLR) stands at 70.7%, reflecting strong demand amidst a limited supply of homes. Compared to April 2026, total sales decreased slightly from 64, but the year-over-year growth highlights a robust recovery trajectory in the market.

Property Type Analysis

In May, detached homes accounted for the majority of sales with 35 transactions, while attached properties, including townhouses, saw 18 sales. The performance of detached homes indicates a sustained preference among buyers for single-family residences, although the attached market also demonstrates resilience, albeit with a notable year-over-year decline in closed sales for attached properties.

Regional Highlights

The 92056 zip code, specifically Oceanside East, continues to exhibit notable trends with 48 new listings and a median price of $1,000,000 for detached homes. The area shows a competitive landscape, with homes closing at 101.1% of their list price, suggesting that buyers are willing to pay above asking for desirable properties.

For Buyers

Prospective buyers should act swiftly in the current market, as the low months of inventory indicates limited options. It is advisable to secure pre-approval for financing and be prepared to make competitive offers, as homes are moving quickly.

For Sellers

Sellers are well-positioned to capitalize on the current market dynamics. With a strong SNLR and a favorable MOI, those looking to sell should consider pricing their homes competitively to attract multiple offers, potentially driving the sale price above the listing price.