Greater San Diego Housing Market Maintains Seller's Advantage in March 2026 Amidst Increased Sales and New Listings

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market demonstrates a seller's advantage in March 2026, with total sales reaching 28, an increase from 17 sales in February 2026. New listings totaled 47, contributing to 55 active listings, while the Months of Inventory stands at 1.8, indicating a tight market.

Market Analysis

The Greater San Diego housing market remains firmly in a seller's condition as of March 2026, according to figures published by the Greater San Diego Association of REALTORS®. Total sales for the month reached 28, marking a notable increase from 17 sales recorded in February 2026. Despite this monthly uptick, sales are slightly below the 29 transactions observed in March 2025.

Supply levels saw an increase, with 47 new listings entering the market, bringing active listings to 55. This represents a rise from 39 active listings in February 2026 and 42 in March 2025. The Months of Inventory (MOI) tightened to 1.8 months, down from 2.0 months in the prior month, yet higher than the 1.5 months reported in March 2025. The Sales-to-New Listings Ratio (SNLR) stands at 59.6%, indicating that a significant portion of new inventory is absorbed by buyer demand.

Property Type Analysis

In March 2026, sales activity for detached homes and attached/townhouse properties in Greater San Diego showed an equal distribution. Both property types recorded 14 sales each, as reported by the Greater San Diego Association of REALTORS®. This balanced sales performance across these categories suggests consistent buyer interest in various housing options within the region.

Regional Highlights

Focusing on the 92104 zip code (North Park), the market exhibits distinct trends for detached and attached properties. Detached homes in this area recorded a median price of $1,127,500 in March 2026, with properties selling at 95.8% of their original list price and an average of 48 days on market. The months of supply for detached homes in 92104 aligns with the broader regional trend at 1.8 months. However, the median price for detached homes in 92104 saw a year-over-year decrease of 9.8%.

For attached properties in 92104, the market shows strong buyer activity, with a median price of $595,000. These homes sold, on average, at 100.5% of their list price and spent a shorter 17 days on market. The months of supply for attached properties in 92104 is 3 months. The median price for attached homes in 92104 experienced an 8.5% year-over-year decline, and closed sales for attached properties in 92104 also decreased by 6.7% year-over-year.

For Buyers

In a market characterized by a seller's advantage and tight inventory, buyers in Greater San Diego should be prepared for competitive conditions. Acting decisively with pre-approved financing and a clear understanding of their priorities can be beneficial. While the overall market shows a seller's lean, specific sub-markets or property types may offer varying levels of competition, warranting thorough research and professional guidance.

For Sellers

Sellers in the Greater San Diego market continue to hold a favorable position in March 2026. With a Months of Inventory at 1.8 and a Sales-to-New Listings Ratio of 59.6%, well-priced and well-presented homes are likely to attract strong interest. While conditions favor sellers, reviewing recent comparable sales and considering market feedback on pricing, especially in specific sub-markets, can optimize outcomes.