Greater San Diego Association of REALTORS® Reports May 2026 Market Trends

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a total of 27 sales, reflecting a 9.5% decrease compared to the same month last year. The active listings rose to 36, resulting in a months of inventory (MOI) of 1.7, indicating a seller's market.

Market Analysis

The current market conditions in Greater San Diego show a notable shift towards sellers, with a strong seller's net listing ratio (SNLR) of 122.7%. Despite a decrease in total sales from 29 in May 2025 to 27 in May 2026, the number of active listings has increased slightly from 34 in April 2026 to 36 this month. This slight uptick in inventory, combined with a low MOI of 1.7, suggests that demand continues to outpace supply, maintaining upward pressure on prices despite the year-over-year sales decline.

Property Type Analysis

In May 2026, detached homes accounted for the majority of sales, with 19 transactions, while attached homes and townhouses contributed 8 sales. The median price for detached homes was reported at $958,888, reflecting a year-over-year decrease of 3%, while attached properties saw a more significant decline of 8.2% in median price, landing at $692,996. This divergence in price trends highlights the varying demand dynamics between property types, with detached homes still commanding a higher price point despite the overall market slowdown.

Regional Highlights

The Vista South area (zip code 92081) has shown resilience in the current market, with a consistent level of new listings and pending sales. The inventory for detached homes stands at 25, with a MOI of 1.7, indicating a competitive environment for buyers. In contrast, attached properties have a higher MOI of 2.9, suggesting a more balanced market for those seeking townhouses or condos.

For Buyers

Potential buyers in the Greater San Diego area should act decisively, as the current seller's market means homes are moving quickly. With a low MOI and a strong SNLR, buyers may face competition for desirable properties. It is advisable to secure pre-approval for financing and be prepared to make competitive offers.

For Sellers

Sellers in the Greater San Diego market should leverage the current conditions to maximize their sale potential. With a strong demand and limited inventory, setting a competitive price and ensuring homes are well-presented can attract multiple offers. Sellers should also consider the timing of their listing to capitalize on buyer interest during peak seasons.