Greater San Diego Association of REALTORS® Market Report for May 2026: Sales Surge Amid Tight Inventory

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a significant increase in sales, with a total of 17 properties sold, marking a 100% year-over-year increase. New listings totaled 22, contributing to a competitive market characterized by a 77.3% sales-to-new-listings ratio.

Market Analysis

The Greater San Diego real estate market remains firmly in favor of sellers, as evidenced by the low months of inventory at 2.1. This tight supply, coupled with a notable increase in sales compared to the prior year, indicates strong demand among buyers. The current sales pace suggests that buyers are actively seeking properties, despite the limited options available. The sales-to-new-listings ratio of 77.3% further underscores the competitive nature of the market, as nearly four out of five new listings are being absorbed quickly.

Property Type Analysis

In May, detached properties accounted for the majority of sales, with 12 transactions recorded, while attached/townhouse sales reached 5. The distinct performance between these property types highlights the ongoing preference for single-family homes, which continue to attract buyers despite the overall market constraints. The median price trends for detached homes suggest a resilient market, while attached properties have seen a decline in their year-over-year performance, indicating varying buyer preferences and price sensitivity across different segments.

Regional Highlights

Focusing on the Oceanside area, the detached market saw 12 closed sales with a median price of $937,995, reflecting a strong demand and a 100% year-over-year increase in closed sales. Conversely, the attached market faced challenges, with a median price of $508,000 and a year-over-year decline in closed sales of 28.6%, indicating a shift in buyer interest and potential pricing adjustments needed in the attached segment.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the low inventory levels mean that desirable properties are being sold quickly. Buyers should be prepared to make competitive offers and consider being flexible with their requirements to increase their chances of securing a home.

For Sellers

Sellers are in a favorable position with the current market dynamics, as the high sales-to-new-listings ratio indicates strong demand. To maximize their selling potential, sellers should ensure their properties are well-prepared and competitively priced to attract the attention of motivated buyers in this active market.