Greater San Diego Association of REALTORS® Reports Balanced Market in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a balanced condition with a total of 22 sales and 27 new listings. Year-over-year, sales surged by 69.2%, indicating a robust demand despite a stable inventory of 76 active listings.

Market Analysis

The Greater San Diego real estate market remains balanced, characterized by a months of inventory (MOI) of 4.4. This figure reflects a steady supply of homes available for sale, which is crucial for maintaining equilibrium between buyers and sellers. The sales figure of 22 in May represents a significant increase from 14 sales recorded in May 2025, highlighting a strong recovery and heightened buyer interest in the area. The sales-to-new-listings ratio (SNLR) stands at 81.5%, suggesting that homes are selling at a healthy pace relative to new inventory coming onto the market.

Property Type Analysis

The market for detached homes dominates the current landscape, with all 22 sales occurring in this category. The attached and townhouse segments remain inactive, with no sales reported this month. This trend underscores the ongoing preference for detached homes among buyers, likely driven by factors such as space and privacy, which are increasingly valued in the current market environment.

Regional Highlights

In the Valley Center area (ZIP code 92082), the market shows promising signs of growth, with 27 new listings and a closed sales figure of 22. The median price for detached homes in this region is reported at $964,500, with homes selling at an average of 96.6% of their list price. This stability in pricing, coupled with a relatively low inventory of 74 homes, indicates a competitive market that may favor sellers while still providing opportunities for buyers.

For Buyers

Prospective buyers are encouraged to act promptly, as the current market dynamics suggest that homes are selling quickly. With a sales-to-new-listings ratio of 81.5%, buyers should be prepared to make competitive offers to secure their desired properties, especially in the detached home segment where demand is high.

For Sellers

Sellers in the Greater San Diego area should take advantage of the current market conditions by pricing their homes competitively. With a balanced market and a significant year-over-year increase in sales, now is an opportune time to list properties, particularly detached homes, to attract motivated buyers looking to capitalize on the ongoing demand.