Greater San Diego REALTORS®: April 2026 Sees Significant Sales Drop Amidst Tight Inventory

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market experienced a notable slowdown in April 2026, with total sales reaching 13, a significant 54.5% decrease compared to April 2025. Active listings stood at 34, contributing to a tight 1.6 months of inventory, indicating persistent seller's market conditions.

Market Analysis

The Greater San Diego housing market continued to operate under seller's market conditions in April 2026, as reported by the Greater San Diego Association of REALTORS®. Total sales for the month were 13, marking a substantial 54.5% decline from the 29 sales recorded in April 2025. This also represents a decrease from the 21 sales observed in the prior month of March 2026.

Supply levels remained constrained, with active listings totaling 34 in April 2026, down from 40 in March 2026 and 50 in April 2025. The months of inventory held steady at 1.6, consistent with March 2026 but lower than the 2.0 months reported in April 2025. This tight inventory, coupled with a Sales-to-New-Listings Ratio (SNLR) of 52.0%, underscores the competitive environment for buyers despite the drop in overall transaction volume.

Property Type Analysis

A breakdown by property type reveals that detached homes accounted for the majority of transactions in April 2026, with 10 sales. Attached homes and townhouses recorded 3 sales during the same period. This distribution highlights the continued demand across different housing segments, though overall sales volume remains low for both types.

Regional Highlights

In a specific regional snapshot, the 92081 (Vista South) market presented distinct trends in April 2026. Detached homes in this area saw 10 closed sales, with a median price of $977,500. This median price for detached homes in 92081 represented a 2.9% decrease year-over-year, while closed sales mirrored the regional trend with a 54.5% year-over-year decline.

For attached properties in 92081, there were 3 closed sales, with a median price of $590,000. This segment experienced a more significant year-over-year median price decrease of 16.9% and a 57.1% decline in closed sales. Months of supply for detached homes in 92081 was 1.6, while attached homes had 3.0 months of supply, indicating varying inventory levels within the sub-market.

For Buyers

Buyers navigating the Greater San Diego market in April 2026 should be prepared for competitive conditions, characterized by low inventory and a seller's market. With only 1.6 months of inventory and a 52.0% Sales-to-New-Listings Ratio, properties are moving quickly. Prospective buyers are advised to have their finances pre-approved and be ready to act decisively when suitable homes become available.

For Sellers

Sellers in the Greater San Diego area continue to benefit from a market favoring their position in April 2026, with limited inventory supporting property values. Despite a significant year-over-year decline in total sales, the low months of inventory suggests that well-priced and well-presented homes are still attracting offers. Sellers should work closely with their REALTOR® to strategically price their homes to attract serious buyers and capitalize on the current market dynamics.