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 saw a total of 25 sales, a significant decrease of 38.9% compared to the same month last year. New listings totaled 28, while active listings remained steady at 82, resulting in a months of inventory (MOI) of 2.6, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market is currently experiencing a contraction in sales volume, with only 25 transactions recorded in May 2026, down from 42 in May 2025. Despite the decline in sales, the number of active listings has remained unchanged at 82, suggesting that while demand has softened, supply is not increasing significantly. The months of inventory stands at 2.6, which is indicative of a seller's market, as it reflects a relatively low supply of homes available for sale compared to demand.

Property Type Analysis

Sales activity is predominantly driven by detached homes, which accounted for 22 of the 25 total sales this month. In contrast, the attached and townhouse segment saw only 3 sales, highlighting a stark difference in buyer preference. The median price for detached homes is reported at $838,750, while attached properties have a median price of $699,900, indicating a price premium for detached homes in the current market.

Regional Highlights

The Ramona area, specifically ZIP code 92065, has shown a mix of trends, with 24 new listings and a closed sales count of 22 for detached homes. The median days on market for these properties is 30, suggesting that homes are selling relatively quickly, despite the overall decline in sales volume. The attached homes in the same region have seen a notable year-over-year increase in median price by 51.3%, reflecting a unique demand for this property type despite fewer transactions.

For Buyers

Potential buyers are encouraged to act promptly in the current market, as the low months of inventory indicate that desirable properties may not remain available for long. Buyers should be prepared to make competitive offers, particularly on detached homes, which continue to attract significant interest.

For Sellers

Sellers in the Greater San Diego area should take advantage of the current seller's market by pricing their homes competitively and ensuring they are in excellent condition to attract buyers. With a steady number of active listings, presenting a well-maintained property can help sellers stand out and potentially achieve favorable sale terms.