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 experienced a significant slowdown, with total sales dropping to zero and only two new listings entering the market. Active listings decreased to six, resulting in a months of inventory (MOI) of 5.0, indicating a balanced market condition.

Market Analysis

The current market conditions reflect a stark contrast to the previous year, where May 2025 recorded one sale and three active listings. The total sales have plummeted by 100% year-over-year, highlighting a notable decline in buyer activity. The months of inventory, while balanced at 5.0, suggests that the supply is not being absorbed, leading to a stagnation in sales. The lack of sales activity may be attributed to various factors, including economic uncertainties and potential shifts in buyer preferences.

Property Type Analysis

In May 2026, both detached and attached property types reported zero sales, indicating a complete halt in transactions for these categories. The absence of sales across all property types underscores a broader trend of reduced buyer engagement in the market, as reflected in the lack of pending transactions and closed sales. With only two new listings for detached properties, the market is not providing sufficient options for potential buyers, further contributing to the stagnation.

Regional Highlights

The Santa Ysabel area, represented by the 92070 ZIP code, has seen a significant shift in market dynamics compared to the previous month. April 2026 recorded eight active listings and a higher MOI of 5.7, indicating a slight increase in inventory. However, the current month’s figures reveal a tightening of available properties, which may influence future buyer decisions as they navigate a limited selection.

For Buyers

Potential buyers are encouraged to remain patient and vigilant, as the current market presents limited options. With zero sales recorded this month, buyers may benefit from monitoring new listings closely and being prepared to act quickly when suitable properties become available. Engaging with a knowledgeable REALTOR® can provide insights into emerging opportunities in this balanced market.

For Sellers

Sellers should consider the current market conditions carefully before listing their properties. With only two new listings and zero sales this month, it may be prudent to evaluate pricing strategies and marketing approaches to attract potential buyers. Collaborating with a real estate professional can help sellers navigate this challenging environment and position their properties effectively.