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 continued strength with a total of 48 sales, marking a 13.5% increase from the same month last year. The market remains competitive for sellers, with a sales-to-new-listings ratio of 85.7% and only 2.0 months of inventory available.

Market Analysis

The Greater San Diego real estate market is currently favoring sellers, as evidenced by the low months of inventory at 2.0. This figure indicates a tight market where demand continues to outstrip supply, contributing to a robust sales environment. Compared to April 2026, total sales increased from 38 to 48, reflecting heightened buyer activity and interest in the region. Year-over-year, sales have risen from 42 in May 2025, further demonstrating the market's resilience and appeal.

Property Type Analysis

In May 2026, detached homes dominate the sales landscape with 42 transactions, while attached properties, including townhouses, account for 6 sales. The detached market shows a median price of $1,404,950, indicating a strong demand for single-family homes, despite the lack of benchmark pricing data. Attached properties, on the other hand, have a median price of $765,500, reflecting a different segment of buyer interest and market dynamics.

Regional Highlights

The Poway area, represented by the 92064 zip code, showcases significant activity with 48 new listings and a competitive closed sales rate of 98.9% of the list price for detached homes. The inventory remains low at 61 units, which is a stark contrast to the 119 active listings recorded in May 2025, highlighting a significant shift in market conditions and buyer competition over the past year.

For Buyers

Prospective buyers should be prepared for a competitive market, as the current low inventory levels and high sales-to-new-listings ratio suggest that desirable properties may receive multiple offers. It is advisable for buyers to act swiftly and consider making strong offers to secure their preferred homes.

For Sellers

Sellers are in a favorable position in the current market, with strong demand and limited inventory. To maximize their selling potential, homeowners should ensure their properties are well-presented and priced competitively, as homes are selling quickly and often above asking price.