Greater San Diego Association of REALTORS® March 2026 Report: Inventory Remains Extremely Low Amidst Minimal Sales Activity

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market experienced exceptionally low activity in March 2026, recording zero total sales, according to figures released by the Greater San Diego Association of REALTORS®. Active listings stood at just one property, contributing to a tight market with 0.7 months of inventory.

Market Analysis

The Greater San Diego housing market continues to exhibit extremely limited transaction volume, with zero total sales reported in March 2026. This marks a consistent trend from February 2026 and March 2025, both of which also recorded no sales. The absence of sales activity makes traditional market performance analysis challenging, as percentage changes on such a small base are not meaningful.

Despite the lack of sales, supply remains critically low. Active listings in March 2026 totaled only one property, a decrease from two active listings in February 2026 and three in March 2025. This shrinking inventory, coupled with the minimal demand, results in a months of inventory figure of 0.7, down from 1.3 in the prior month and 1.5 in the prior year. This metric typically indicates a strong seller's market, reflecting the scarcity of available homes.

The market condition is characterized as a seller's market, primarily driven by the severe lack of available properties. While sales volume is non-existent, the extremely limited supply means that any new listing could potentially attract significant interest, although the data does not reflect any recent transactions.

Property Type Analysis

Property type data for March 2026 reflects the overall market's quiet state. Detached homes recorded zero sales and zero new listings, with only one active listing and 0.7 months of supply. This aligns with the composite market trends, indicating a severe shortage of single-family homes available for purchase.

The attached/townhouse segment also reported zero sales and zero new listings, with no active inventory. With no transactions and no available properties, this segment mirrors the broader market's lack of activity.

Regional Highlights

Across the Greater San Diego region, the market in March 2026 is defined by its extreme scarcity of homes for sale. The persistent low inventory levels, with only one active listing reported, continue to be the dominant factor influencing market dynamics. This trend of minimal available properties has been consistent over the past year, with active listings decreasing from three in March 2025 to one in the current month.

The sustained period of zero sales activity, observed consistently over the last three reporting periods, underscores a market in stasis. While the months of inventory figure suggests a strong seller's advantage, the practical implications are limited by the complete absence of transactions. This unique market environment presents challenges for both buyers seeking homes and sellers looking to list properties.

For Buyers

Given the extremely limited inventory in the Greater San Diego market, prospective buyers face significant challenges in finding available properties. Buyers should be prepared for a highly competitive environment for any new listings that emerge, acting swiftly and having pre-approved financing in place. Expanding search criteria to include a wider range of property types or locations, if feasible, may also be beneficial.

For Sellers

For potential sellers in the Greater San Diego area, the current market presents a unique opportunity due to the severe lack of inventory. With only one active listing reported, properties that do come to market are likely to attract considerable attention. Sellers should work closely with a REALTOR® to strategically price their homes and prepare them for sale to capitalize on the strong demand relative to the minimal supply, even in the absence of recent comparable sales.