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 significant decline in activity, with total sales dropping to zero and only three new listings introduced. The months of inventory increased to 7.7, indicating a buyer's market as demand continues to lag behind supply.

Market Analysis

The current market conditions reflect a stark contrast to previous months, with total sales plummeting by 100% compared to April 2026, when two properties were sold. The increase in months of inventory to 7.7 suggests that buyers have the upper hand, as the supply of available homes continues to outpace demand. This trend is further highlighted by the stagnant sales figures, which indicate a cautious approach from potential buyers amid economic uncertainties.

Property Type Analysis

In May 2026, both detached and attached properties reported no sales, underscoring the overall slowdown in the market. The lack of activity across property types suggests that buyers are either waiting for more favorable conditions or are hesitant to engage in the current market climate, which is characterized by high inventory levels and limited sales.

Regional Highlights

Regionally, the Warner Springs area remains stable with 12 active listings, a slight increase from 11 in April 2026. The inventory levels have remained consistent year-over-year, with 11 active listings in May 2025, indicating a steady supply of homes despite the current lack of sales activity.

For Buyers

For buyers in the Greater San Diego area, this is an opportune time to explore available listings, as the market favors buyers with increased inventory and lower competition. Prospective buyers should consider leveraging this environment to negotiate favorable terms and prices.

For Sellers

Sellers should be cautious in the current market, as the lack of sales indicates a need for strategic pricing and marketing. It may be beneficial to enhance property appeal and consider flexible terms to attract potential buyers in a market characterized by high inventory and low demand.