Greater San Diego Association of REALTORS® Market Report - July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market experienced a notable decline in sales, with total transactions dropping to 8, down 46.2% year-over-year. New listings increased to 24, contributing to a total of 37 active listings and a months of inventory figure of 2.9, indicating a seller's market.

Market Analysis

The San Diego real estate market is currently characterized by a significant reduction in sales activity compared to the previous year. Total sales have decreased from 15 in June 2026 to just 8 in July, reflecting a broader trend of diminishing buyer interest amid rising interest rates and economic uncertainties. Despite the drop in sales, new listings have risen, suggesting that sellers are still motivated to enter the market, which may help to stabilize inventory levels in the coming months.

The months of inventory at 2.9 indicates that the market remains competitive for sellers, as it reflects a relatively low supply of homes available for sale. With a sale-to-new-listing ratio (SNLR) of 33.3%, the market is still favoring sellers, although the sharp decline in sales year-over-year may prompt sellers to adjust their pricing strategies to attract buyers more effectively.

Property Type Analysis

When examining property types, detached homes dominate the sales figures with 7 transactions, while attached/townhouse properties accounted for only 1 sale. The disparity in sales numbers suggests that buyers are currently favoring detached homes, likely due to their perceived value and space. The median price for detached homes remains strong, with a median of $865,000, while attached homes have a median price of $489,000, reflecting the ongoing demand for single-family residences in the area.

Regional Highlights

In the 92102 zip code, which includes neighborhoods such as Golden Hill and South Park, the market shows mixed signals. Detached homes have seen a median price increase of 29.1% year-over-year, indicating strong demand despite the overall sales decline. Conversely, attached homes have experienced a more significant drop in closed sales, down 75% year-over-year, which may suggest a shift in buyer preferences or market saturation in that segment.

For Buyers

Prospective buyers are advised to remain vigilant and patient in the current market climate. With a limited number of active listings and a competitive seller's market, it is crucial for buyers to act quickly when they find a suitable property. Conducting thorough research and being prepared with financing can provide a competitive edge in negotiations.

For Sellers

Sellers should consider the current market dynamics and the recent decline in sales when pricing their homes. While the market remains favorable for sellers, adjusting listing prices to reflect current buyer sentiment may be necessary to attract offers. Additionally, enhancing property presentation and marketing strategies can help differentiate listings in a competitive environment.