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 signs of stability with a total of 3 sales and 20 active listings. The months of inventory stands at 6.8, indicating a buyer's market as supply slightly outpaces demand.

Market Analysis

The San Diego real estate market continues to demonstrate a balanced dynamic as May 2026 reports 3 total sales, consistent with the previous month. The months of inventory has increased from 6.0 in April to 6.8 in May, suggesting that while new listings have matched sales at 3, the overall inventory is growing, providing buyers with more options. The stable sales figures indicate a cautious but steady interest from buyers, reflecting a market that is adjusting to current economic conditions.

Year-over-year comparisons reveal a slight increase in sales from 2 in May 2025 to 3 in May 2026, while active listings have risen from 16 to 20 over the same period. This increase in inventory, coupled with a stable sales pace, reinforces the notion of a buyer's market, where buyers have the advantage in negotiations and selection. The Sales-to-Next-Listing Ratio (SNLR) remains at 100%, indicating that properties are selling at their listed prices, further emphasizing the current market conditions.

Property Type Analysis

In May 2026, the breakdown of property types shows that detached homes accounted for 2 of the total sales, while attached/townhouse properties contributed 1 sale. The median price for detached homes was reported at $829,291, with a percentage of list price at 93.3%, suggesting that sellers are receiving close to their asking prices. Attached properties, on the other hand, had a median price of $730,000, with a higher percentage of list price at 97.5%, indicating a stronger performance relative to their asking prices despite lower sales volume.

The distinct performance between property types highlights the varying buyer preferences and market conditions. Detached homes are experiencing a more significant price adjustment year-over-year, with a median price decrease of 24.4%, while attached homes have not shown a comparable year-over-year change in median price, suggesting a more stable demand in that segment.

Regional Highlights

Regionally, the 92061 area, encompassing Pauma Valley, shows a diverse market with 2 closed sales for detached homes and 1 for attached properties in May 2026. The inventory for detached homes stands at 13, with a months supply of 6.8, while attached homes have 7 in inventory and a months supply of 5.3. This regional data indicates a healthy supply for both property types, with the attached market showing a quicker turnover compared to detached homes, which may reflect differing buyer preferences in the area.

For Buyers

For buyers in the Greater San Diego market, the current conditions present a favorable opportunity to negotiate. With an increase in active listings and a months of inventory at 6.8, buyers can take their time to explore options and potentially secure better deals. It is advisable for buyers to conduct thorough market research and consider properties that may have been on the market longer, as these may offer more room for negotiation.

For Sellers

Sellers should be aware of the current buyer's market dynamics and price their properties competitively to attract interest. With the months of inventory at 6.8, it is crucial to present homes in the best possible condition and consider pricing strategies that reflect current market trends. Engaging a knowledgeable REALTOR® can help sellers navigate pricing and marketing effectively to achieve a successful sale.