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 experienced a total of 41 sales, a decrease from 49 in April 2026. New listings increased to 133, contributing to a total of 384 active listings and maintaining a months of inventory at 3.0, indicating a seller's market.

Market Analysis

The San Diego real estate market continues to show signs of a seller's market as demand remains relatively strong despite a slight dip in total sales compared to the previous month. The 41 sales recorded in May reflect a modest decrease from April's 49, yet the increase in new listings to 133 suggests that sellers are responding to ongoing demand. The months of inventory remains stable at 3.0, indicating that the supply of homes is still limited relative to buyer interest, which is essential for maintaining upward pressure on prices.

Property Type Analysis

In May, all sales occurred within the attached/townhouse category, with 41 units sold, while the detached market saw no sales. This trend highlights a continued preference for attached properties, which may be attributed to affordability and lifestyle choices in urban areas. The attached market also shows a significant number of new listings at 132, indicating that sellers are capitalizing on current market conditions.

Regional Highlights

The Downtown area, specifically zip code 92101, saw 1 new listing for detached homes but no sales, reflecting the challenges faced in this segment. In contrast, the attached market in the region shows a median price of $693,750, with a pending rate of 48% on new listings, suggesting that buyers are actively engaging with available properties despite the competitive landscape.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the limited inventory and high demand can lead to competitive bidding situations. It is advisable to get pre-approved for financing and to be prepared to make quick decisions on properties that meet their criteria.

For Sellers

Sellers should take advantage of the current market dynamics by pricing their homes competitively and ensuring they are in optimal condition for showings. With a stable months of inventory and increasing new listings, presenting a well-maintained property can attract serious buyers and potentially lead to favorable offers.