Greater San Diego Association of REALTORS®: March 2026 Reports Balanced Market Amidst Low Sales Volume

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced a balanced condition in March 2026, recording 2 total sales. New listings stood at 3, contributing to an active inventory of 10 homes, resulting in 5.6 months of inventory.

Market Analysis

The Greater San Diego market maintained a balanced condition in March 2026, as reported by the Greater San Diego Association of REALTORS®. Total sales remained consistent month-over-month, with 2 transactions recorded in both March and February 2026. New listings for the month totaled 3, while active listings saw a slight increase to 10, up from 9 in February 2026. This contributed to an increase in the months of inventory, rising to 5.6 in March from 4.8 in the prior month.

Compared to the previous year, March 2026 saw an increase in market activity. Total sales rose from 0 in March 2025 to 2 this month. Active listings also significantly increased year-over-year, climbing from 3 in March 2025 to 10 in March 2026. Consequently, the months of inventory expanded from 1.7 in March 2025 to 5.6, indicating a more normalized supply level. The sales-to-new-listings ratio (SNLR) for March 2026 was 66.7%, reflecting a healthy absorption rate relative to new supply, despite the low transaction volume.

It is important to note that with only 2 sales recorded for the month, percentage changes in sales volume or price metrics would not be statistically meaningful and are therefore not emphasized in this report.

Property Type Analysis

All 2 sales recorded in March 2026 were for detached properties, according to figures from the Greater San Diego Association of REALTORS®. The detached segment saw 3 new listings and ended the month with 10 active listings, resulting in 5.6 months of inventory. Detached homes demonstrated strong market performance, with a median sale price of $560,000, selling at an average of 102.9% of their original list price and spending just 8 days on market.

In contrast, the attached/townhouse segment recorded 0 sales and 0 new listings, with no active inventory reported for the month. Data for the apartment property type was not available for sales or benchmark prices.

Regional Highlights

The Palomar Mountain area (zip code 92060) of Greater San Diego experienced a market characterized by low transaction volume in March 2026. All market activity, including the 2 closed sales, was concentrated within the detached home segment. The median price for detached homes in this specific area was $560,000, with properties selling above list price and moving quickly, indicating strong buyer interest for available inventory. The overall regional market reflects a balanced state, with inventory levels rising compared to both the prior month and the previous year, offering more options for potential buyers.

For Buyers

Buyers in the Greater San Diego market should recognize the balanced conditions and increasing inventory, which may present more opportunities. While the overall market is balanced, well-priced detached homes are still attracting competitive offers, often selling above list price and quickly. Buyers are advised to be prepared with pre-approvals and to act decisively on desirable properties, particularly in the detached segment.

For Sellers

Sellers in the Greater San Diego area should note the balanced market and rising inventory levels. While detached homes are performing well, selling at 102.9% of list price with a short 8 days on market, strategic pricing and presentation remain crucial. To attract serious buyers and achieve optimal outcomes, sellers are encouraged to work with their REALTOR® to price their homes competitively and ensure they are market-ready.