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 experienced a notable stagnation, with total sales and new listings both remaining at zero. Active listings held steady at three, resulting in a months of inventory figure of 3.0, indicating a seller's market despite the lack of transactions.

Market Analysis

The current market conditions reflect a significant slowdown in activity, with no sales recorded for both detached and attached properties. The consistent number of active listings at three suggests that while there is some inventory available, buyer engagement remains low, leading to a market characterized by limited transactions. The months of inventory at 3.0 indicates that, should demand increase, sellers may have an opportunity to capitalize on their listings, although the lack of sales suggests that buyer interest is currently subdued.

Property Type Analysis

Both detached and attached properties reported zero sales in May 2026, mirroring the trend observed in April 2026. With no new listings entering the market, the absence of activity across property types highlights a broader hesitance among buyers, which may be influenced by economic factors or market uncertainties. The active listings remain unchanged, indicating a potential stalemate where sellers are hesitant to lower prices or negotiate, while buyers are waiting for more favorable conditions.

Regional Highlights

Compared to May 2025, the active listings have increased slightly from two to three, but the total sales remain unchanged at zero, indicating a lack of market momentum year-over-year. The months of inventory has also increased from 2.0 to 3.0, suggesting a shift towards a more balanced market, albeit still favoring sellers. This trend may reflect broader economic conditions affecting buyer confidence and willingness to engage in the market.

For Buyers

For potential buyers, the current market presents an opportunity to observe and assess available listings without the pressure of immediate competition. With no new listings and zero sales, buyers may benefit from waiting for more favorable conditions or increased inventory before making a purchase decision.

For Sellers

Sellers should consider the current market dynamics carefully. With active listings remaining low but no sales occurring, it may be prudent to evaluate pricing strategies and consider adjustments to attract potential buyers. Engaging with a real estate professional can provide insights into market conditions and help in formulating an effective sales strategy.