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 1 sale, with 1 new listing and 1 active listing. The months of inventory stands at 0.6, indicating a strong seller's market as the sales-to-new-listings ratio remains at 100.0%.

Market Analysis

The Greater San Diego real estate market continues to exhibit tight conditions, with only 1 sale recorded in May 2026, a notable increase from zero sales in April 2026. The months of inventory decreased slightly from 0.8 in April to 0.6 in May, highlighting the ongoing demand for homes despite limited supply. The sales-to-new-listings ratio of 100.0% indicates that every new listing is being absorbed by the market, reinforcing the seller's advantage in negotiations.

Property Type Analysis

In May, the detached property segment recorded 1 sale, while the attached/townhouse segment saw no activity. This trend underscores the preference for detached homes in the current market, where buyers are competing for limited options. The absence of new listings in the attached/townhouse category further emphasizes the scarcity of available inventory across property types.

Regional Highlights

Regionally, the 92066 zip code, specifically Ranchita, reflects similar trends with 1 closed sale and 1 new listing. The median price for detached homes in this area is reported at $525,000, with properties selling at 91.3% of their list price. In contrast, the prior year saw 5 active listings and no sales, indicating a significant shift in market dynamics over the past year.

For Buyers

For prospective buyers, the current market conditions necessitate a proactive approach. With inventory levels remaining low, interested buyers should be prepared to act quickly when new listings become available. Engaging with a knowledgeable REALTOR® can provide valuable insights and help navigate this competitive landscape.

For Sellers

Sellers are in a favorable position in the current market, with high demand and limited inventory. To maximize their selling potential, homeowners should consider pricing their properties competitively and ensuring they are in excellent condition to attract buyers. Working with a skilled REALTOR® can help sellers effectively market their homes and negotiate the best possible terms.