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 continues to show signs of a buyer's market, with total sales dropping to 11, a 44.4% decrease from the same month last year. New listings increased to 31, contributing to a total of 94 active listings and a months of inventory (MOI) of 6.6.

Market Analysis

The Greater San Diego real estate market is currently experiencing a significant slowdown in sales activity, with only 11 transactions recorded in May 2026 compared to 19 in May 2025. This decline is indicative of a broader trend where buyers are exercising caution amid economic uncertainties. The increase in new listings to 31 has contributed to a higher inventory level, resulting in a MOI of 6.6, which suggests that homes are taking longer to sell and buyers have more options available to them. The sales-to-new-listings ratio (SNLR) stands at 35.5%, further confirming the buyer's market dynamics as it reflects a lower demand relative to the number of new homes entering the market.

Property Type Analysis

In terms of property types, detached homes dominate the market with 10 sales recorded, while attached/townhouse properties accounted for only 1 sale. The disparity in sales between these property types highlights the ongoing preference for detached homes among buyers, despite the overall decline in sales activity. The median price for detached homes in the Rancho Santa Fe area is reported at $4,362,500, reflecting a slight decrease of 5.2% year-over-year, while the attached market remains limited with only one transaction recorded.

Regional Highlights

The Rancho Santa Fe area, particularly zip code 92067, showcases a unique micro-market within the Greater San Diego region. With 30 new listings and a closed sales count of 10, the area demonstrates a healthy turnover rate, although the median days on market for attached properties is notably high at 148 days. This indicates that while demand for detached homes remains relatively stable, the attached market is struggling to attract buyers, which may be due to higher price points and limited inventory.

For Buyers

For prospective buyers, this is an opportune time to enter the market, as the increase in inventory provides a wider selection of homes. Buyers should take advantage of the current buyer's market conditions by negotiating on price and terms, and should consider conducting thorough due diligence to ensure they are making informed decisions.

For Sellers

Sellers are advised to be realistic about pricing and to prepare for longer selling times given the current market dynamics. With an increase in active listings, it is essential to present homes in the best possible condition and to consider strategic pricing to attract potential buyers. Engaging a knowledgeable REALTOR® can provide valuable insights into local market trends and help sellers navigate this competitive landscape.