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 notable decline in sales, with total transactions dropping to 6, a 57.1% decrease compared to the same month last year. New listings increased to 20, while active listings stood at 40, resulting in a months of inventory figure of 3.3.

Market Analysis

The San Diego real estate market is currently favoring sellers, as indicated by the 30.0% sales-to-new-listings ratio (SNLR). Despite the increase in new listings, the total sales have significantly decreased from 12 in May 2025 to just 6 this month, reflecting a challenging environment for buyers. The months of inventory at 3.3 suggests a balanced market, but the substantial year-over-year drop in sales indicates a potential cooling trend in buyer demand.

Property Type Analysis

Sales activity is evenly split between detached and attached properties, with each category recording 3 sales in May 2026. The detached market shows a median price of $860,000, while attached properties have a median of $580,000. The decline in sales for both property types, particularly the 57.1% drop in overall transactions, highlights the need for sellers to adjust expectations in this evolving market.

Regional Highlights

In the 92102 zip code, which includes neighborhoods like Golden Hill and South Park, the market dynamics reflect broader trends seen throughout San Diego. Detached homes have a median price of $860,000 with a days on market (DOM) of 18, while attached homes are priced at $580,000 with a DOM of 83. This disparity in DOM suggests that while detached homes are moving quickly, attached properties may require more time to attract buyers.

For Buyers

Prospective buyers should remain vigilant and patient in the current market. With an increase in new listings, there may be more opportunities to negotiate favorable terms. Buyers are encouraged to conduct thorough research and consider their long-term needs, as the current market conditions may allow for strategic purchasing decisions.

For Sellers

Sellers should be prepared for a competitive landscape and adjust their pricing strategies accordingly. With a significant drop in sales year-over-year, it is crucial for sellers to price their homes competitively and present them well to attract potential buyers. Engaging with a knowledgeable REALTOR® can provide valuable insights into local market conditions and help optimize listing strategies.