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 32 sales, down 21.7% from the previous year. New listings increased to 65, contributing to an active inventory of 92 homes, resulting in a months of inventory (MOI) of 2.0, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market is currently experiencing a notable shift, with a decrease in total sales compared to May 2025, where 42 homes were sold. The increase in new listings to 65 suggests that sellers are responding to the current market dynamics, yet the total sales remain low, indicating a potential mismatch between buyer demand and available inventory. The months of inventory at 2.0 reflects a tighter market, favoring sellers, as it indicates that homes are selling relatively quickly.

Property Type Analysis

In terms of property types, detached homes accounted for 18 sales, while attached homes, including townhouses, saw 14 sales. The higher sales in detached properties suggest a continued preference among buyers for single-family homes, despite the overall decline in sales volume. The market for attached properties remains competitive, with a slight increase in new listings, but the sales decline indicates that buyers may be more selective in their purchases.

Regional Highlights

Regionally, the San Marcos South area shows a mixed performance, with detached homes closing at a median price of $1,452,000, reflecting a year-over-year increase of 19.5%. In contrast, attached homes have a median price of $805,000, with a year-over-year increase of 10.3%, indicating a stable demand for these properties despite the overall market slowdown. The percentage of listings sold relative to those listed (SNLR) stands at 49.2%, further emphasizing the competitive nature of the current market.

For Buyers

For buyers, the current market presents an opportunity to explore new listings, as the increase in available homes may provide more options. However, with a seller's market prevailing, buyers should be prepared to act quickly and consider making competitive offers to secure their desired properties.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition for showings. With a low months of inventory, homes are likely to attract buyer interest, but strategic pricing and presentation will be key to achieving optimal sale prices.