Greater San Diego Association of REALTORS®: March 2026 Market Report Reveals 60% Drop in Sales Year-Over-Year

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports a significant downturn in total sales for March 2026, with only 11 transactions recorded. This represents a substantial 60.0% decrease compared to March 2025, as the market maintains a balanced condition with 4.3 months of inventory.

Market Analysis

The Greater San Diego housing market experienced a notable contraction in sales activity during March 2026, with total sales reaching 11. This figure marks a substantial 60.0% decline when compared to the 27 sales recorded in March 2025, and a decrease from the 16 sales observed in February 2026. The Sales-to-New-Listings Ratio (SNLR) stands at 33.3%, indicating that approximately one-third of new listings resulted in a sale.

Supply dynamics show 33 new listings entering the market, contributing to an active inventory of 69 properties. Months of inventory increased to 4.3 in March, up from 4.0 in February 2026 and 3.4 in March 2025. Despite the increase in inventory, the market is characterized as balanced, suggesting a relatively even distribution of power between buyers and sellers.

Property Type Analysis

Detached homes continue to dominate sales activity within the Greater San Diego market, accounting for 10 of the 11 total sales in March 2026. In contrast, the attached/townhouse segment recorded only 1 sale during the same period. This distribution highlights a strong preference or availability for detached properties in the current market.

Regional Highlights

Within specific regional areas, data for Valley Center (zip code 92082) reveals distinct trends for March 2026. Detached homes in this area saw 10 closed sales, mirroring the overall detached sales count for the Greater San Diego market. The median price for detached homes in Valley Center was $942,450, representing a 5.8% decrease year-over-year. Months of supply for detached homes in Valley Center stood at 4.3, aligning with the broader market's inventory levels.

The attached segment in Valley Center recorded 1 closed sale, with a median price of $885,000. These localized figures provide a granular view of market activity, indicating varied performance and pricing dynamics across different property types and sub-regions within the Greater San Diego area.

For Buyers

In a balanced market with increasing months of inventory, buyers may find more opportunities and potentially less intense competition. It is advisable for prospective buyers to thoroughly research specific neighborhoods, understand local pricing trends, and work with a REALTOR® to navigate available options and negotiate effectively. The current conditions may allow for more considered decisions rather than rushed offers.

For Sellers

Sellers in the Greater San Diego market should recognize the shift towards a balanced market and the significant year-over-year decline in sales. With 4.3 months of inventory, strategic pricing and effective property presentation are crucial. Collaborating with a REALTOR® to accurately price homes based on current market conditions and recent comparable sales can help attract serious buyers and facilitate a timely transaction.