Greater San Diego Association of REALTORS® Reports Stable Market Conditions in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market remains competitive, with a total of 29 sales and 27 new listings. Active listings increased to 64, resulting in a months of inventory (MOI) of 2.3, indicating a seller's market.

Market Analysis

The San Diego housing market continues to show resilience with 29 total sales in May 2026, consistent with the previous month. The months of inventory has slightly increased from 2.1 in April to 2.3 in May, suggesting a modest rise in supply relative to demand. The seller's market is underscored by a strong sales-to-new-listings ratio (SNLR) of 107.4%, indicating that properties are selling quickly and often above their listing prices.

Property Type Analysis

In terms of property types, detached homes dominate the market with 21 sales, while attached homes and townhouses account for 8 sales. The average days on market for detached homes is 34 days, compared to 54 days for attached properties, reflecting a stronger demand for single-family homes. This trend aligns with the broader market dynamics favoring sellers, particularly in the detached segment.

Regional Highlights

Focusing on the San Marcos South area, the market shows a healthy balance with 15 new detached listings and a closed median price of $1,125,000, which is 99.4% of the listing price. The attached market also remains robust, with a median price of $668,750, though closed sales have decreased by 11.1% year-over-year, suggesting a potential shift in buyer preferences or affordability challenges.

For Buyers

Prospective buyers should act swiftly in the current market, as the high sales-to-new-listings ratio indicates that homes are selling quickly. It is advisable to get pre-approved for financing and be prepared to make competitive offers, especially on detached homes, which are currently in higher demand.

For Sellers

Sellers are encouraged to price their homes competitively, as the current market conditions favor them. With a strong SNLR and limited inventory, well-priced properties are likely to attract multiple offers. It is also beneficial to enhance the home's appeal through staging and minor repairs to maximize sale price.