Greater San Diego Association of REALTORS® Reports Strong Sales Growth in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a notable increase in sales, with a total of 35 properties sold, marking a 23.1% rise compared to the same month last year. The market remains competitive, with only 1.9 months of inventory available for buyers.

Market Analysis

The Greater San Diego real estate market continues to favor sellers, as indicated by a strong sales-to-new-listings ratio (SNLR) of 57.4%. With 61 new listings introduced in May, the total active listings reached 105, which is slightly higher than the previous month’s 99. However, the inventory remains low compared to last year’s 112 active listings in May 2025, contributing to the ongoing demand and upward pressure on prices. The months of inventory at 1.9 suggests a brisk pace of sales, indicating that homes are selling quickly in this market environment.

Property Type Analysis

In May, detached homes accounted for 16 sales, while attached properties, including townhouses, saw 19 sales. The market for attached homes appears to be more robust, despite a higher months of inventory at 4.7 for attached properties compared to 1.9 for detached homes. This trend may reflect changing buyer preferences, as more individuals seek affordable options in a competitive market.

Regional Highlights

The Hillcrest and Mission Hills areas, represented by the 92103 zip code, show significant activity with 15 new detached listings and a median price of $1,712,500. The attached market in this region also remains active, with 46 new listings and a median price of $724,000. The year-over-year decline in median prices for attached homes (-9.4%) may attract buyers looking for value in a tight market.

For Buyers

Prospective buyers are encouraged to act quickly in the current market, as the low inventory levels and competitive environment can lead to multiple offers on desirable properties. It is advisable to be pre-approved for financing and to have a clear understanding of one’s budget to make timely and informed decisions.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and preparing for a swift sale. With a strong demand and low inventory, homes that are well-presented and priced appropriately are likely to attract significant interest and potentially multiple offers.