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 shows a balanced condition with a total of 3 sales and 7 new listings. Active listings stand at 16, resulting in 5.4 months of inventory, indicating a stable market environment for both buyers and sellers.

Market Analysis

The Greater San Diego real estate market remains balanced, with a slight decrease in total sales from 4 in April 2026 to 3 in May 2026. The number of new listings increased from 4 to 7, contributing to a total of 16 active listings. The months of inventory decreased slightly from 5.8 to 5.4, suggesting that inventory levels are stabilizing as the market adjusts to current demand. The sales-to-new-listings ratio (SNLR) of 42.9% indicates that while new listings are entering the market, sales are not keeping pace, reflecting cautious buyer sentiment in the current economic climate.

Property Type Analysis

In May, detached properties accounted for 1 sale, while attached/townhouse properties saw 2 sales. The median price for detached homes was reported at $2,400,000, with a days on market (DOM) of just 4 days, indicating strong demand despite limited sales. Conversely, attached properties had a median price of $1,650,000 with a DOM of 53 days, suggesting a more measured pace of sales in that segment. This disparity highlights varying buyer preferences and market dynamics between property types.

Regional Highlights

Regionally, the Rancho Santa Fe area, represented by zip code 92091, shows a mixed performance. Detached homes have experienced a year-over-year median price decline of 24.4%, while attached properties have seen a notable increase of 34.7% in median price year-over-year. This contrast underscores the shifting demand and pricing pressures in different segments of the market, reflecting broader economic trends and buyer behavior in the region.

For Buyers

For prospective buyers, the current market presents an opportunity to explore new listings, particularly in the attached/townhouse segment where prices have shown resilience. With a balanced market and 5.4 months of inventory, buyers may find favorable conditions to negotiate terms and secure properties without the urgency seen in more competitive markets.

For Sellers

Sellers are encouraged to price their homes competitively and be prepared for a longer marketing period, especially in the attached property segment where days on market are higher. With 7 new listings entering the market, presenting homes in optimal condition and highlighting unique features will be crucial to attract potential buyers in this balanced environment.