Greater San Diego REALTORS®: March 2026 Composite Benchmark Price Settles at $690,000 Amidst Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports that the composite benchmark price for March 2026 stood at $690,000. Total sales reached 34, marking a 14.3% decrease year-over-year, as the market continued to favor sellers with 1.2 months of inventory.

Market Analysis

The Greater San Diego housing market in March 2026 experienced a composite benchmark price of $690,000. This figure represents a decrease from the prior month's composite benchmark of $768,688 in February 2026 and also a decline from $710,000 recorded in March 2025. Total sales activity for the month was 34 transactions, a reduction from 41 sales in February 2026 and 35 sales in March 2025, indicating a year-over-year sales decline of 14.3%.

Supply dynamics show new listings at 73, contributing to an active listings count of 78. This is an increase from 58 active listings in February 2026 and 71 in March 2025. Despite the increase in active listings, the market maintains a low 1.2 months of inventory, slightly up from 1.1 months in February 2026 but down from 1.3 months in March 2025. The sales-to-new-listings ratio (SNLR) was 46.6%, further underscoring the competitive environment.

The market condition remains categorized as a sellers' market, as reported by the Greater San Diego Association of REALTORS®. The low months of inventory, despite a slight uptick in active listings, continues to create a competitive landscape for buyers.

Property Type Analysis

An analysis of property types reveals that detached homes accounted for 18 sales in March 2026, while attached/townhouse properties recorded 16 sales. No benchmark price data is available for specific property types for the overall region this month. The sales distribution indicates a relatively balanced activity between detached and attached housing segments.

Regional Highlights

Regionally, the Greater San Diego market continues to navigate a dynamic environment characterized by a persistent sellers' market. The composite benchmark price has seen an adjustment compared to both the prior month and the prior year, suggesting a recalibration in pricing expectations. Sales volume has experienced a year-over-year contraction, indicating a moderated pace of transactions.

Despite the decline in sales, the low months of inventory, as reported by the Greater San Diego Association of REALTORS®, remains a defining feature, maintaining competitive conditions. New listings have shown an increase, offering more options for buyers, but not enough to significantly shift the overall supply-demand balance from a seller-favored position.

For Buyers

Buyers in the Greater San Diego market should remain prepared for competitive conditions, as the market continues to favor sellers. Securing pre-approval for financing is crucial, and being ready to act swiftly with strong offers can be advantageous. Working closely with a REALTOR® to identify opportunities and navigate the current inventory levels is highly recommended.

For Sellers

Sellers in the Greater San Diego area continue to benefit from favorable market conditions, as indicated by the low months of inventory. Strategic pricing remains key to attracting serious buyers and maximizing value. Presenting properties in their best light and collaborating with a REALTOR® to effectively market the home can help achieve optimal outcomes in this competitive environment.