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 a slight decline in sales with a total of 50 transactions, down 3.3% year-over-year. New listings increased to 84, contributing to a total of 129 active listings and a months of inventory of 2.0.

Market Analysis

The Greater San Diego real estate market remains in a seller's condition, characterized by a strong sales-to-new-listings ratio of 59.5%. Despite a modest decrease in total sales compared to May 2025, the increase in new listings indicates a responsive market that is adjusting to buyer demand. The months of inventory stands at 2.0, suggesting that properties are still moving quickly, although slightly slower than in previous months, as indicated by the 1.9 months of inventory in April 2026.

Property Type Analysis

In May 2026, detached homes accounted for 29 of the total sales, while attached homes, including townhouses, contributed 21 sales. The detached market shows resilience, maintaining a higher sales volume compared to attached properties, which may reflect buyer preferences for single-family homes in the current economic climate. The average days on market for detached homes is notably lower than that of attached homes, indicating a quicker turnover for this property type.

Regional Highlights

The Oceanside North area, particularly zip code 92057, continues to exhibit strong performance with 29 closed sales of detached homes at a median price of $845,000, which is 101% of the list price. In contrast, attached homes in the same region saw 21 closed sales with a median price of $578,433, indicating a slight decrease in year-over-year performance for both property types, with detached homes down 4.2% and attached homes down 1.9%.

For Buyers

Prospective buyers should remain vigilant as the market dynamics favor sellers, particularly in sought-after neighborhoods. With a limited inventory of 129 active listings, buyers are encouraged to act quickly when they find a property that meets their needs, as homes are selling at a rapid pace.

For Sellers

Sellers are advised to capitalize on the current market conditions by pricing their homes competitively and preparing for a swift sale. With a strong sales-to-new-listings ratio and a low months of inventory, homes that are well-presented and priced appropriately are likely to attract multiple offers.