Greater San Diego Association of REALTORS®: March 2026 Sees Sales Surge 22.2% Amidst Tight Seller's Market

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego Association of REALTORS® reports a robust March 2026, with total sales reaching 20, marking a significant 22.2% increase year-over-year. The market continues to favor sellers, characterized by 1.8 months of inventory.

Market Analysis

Total sales reported by the Greater San Diego Association of REALTORS® surged to 20 in March 2026, representing a substantial 22.2% increase compared to March 2025. This also marks a significant rise from the 9 sales recorded in February 2026, indicating a strong seasonal uptick in activity. The market remains firmly in favor of sellers, a condition underscored by the Sales-to-New Listings Ratio (SNLR) of 54.1%.

Supply dynamics show active listings at 47 for March 2026, an increase from 38 in the prior month and 37 in the prior year. Despite this rise in active listings, the months of inventory decreased to 1.8 from 2.1 in February 2026, suggesting that demand is absorbing available properties at a faster rate. However, the current months of inventory is higher than the 1.3 reported in March 2025, indicating a slight easing of the extreme tightness seen a year ago, though still firmly within seller's market territory.

Property Type Analysis

In March 2026, the Greater San Diego housing market saw detached homes account for 11 of the total sales. Attached/townhouse properties contributed 9 sales to the overall market activity. While specific benchmark prices are not available for either category, the sales distribution indicates a relatively balanced demand across these primary property types within the reported sales figures.

Regional Highlights

Focusing on the 92105 zip code (City Heights), the market exhibits distinct trends. Detached homes recorded 11 closed sales with a median price of $730,000, which is a 3.3% decrease year-over-year for the median price, despite a 22.2% increase in closed sales. These homes sold quickly, averaging 31 days on market and achieving 102.6% of list price, with 1.8 months of supply.

Attached properties in 92105 saw 9 closed sales, with a median price of $530,000, representing a significant 34.2% increase year-over-year. Sales for attached homes also rose by 28.6% year-over-year. These properties spent an average of 38 days on market and sold for 103.2% of their list price, with 3.6 months of supply. This regional data highlights varying performance between property types within specific areas of Greater San Diego.

For Buyers

In a seller's market with limited inventory, prospective buyers should be prepared to act decisively. Securing pre-approval for financing is crucial to demonstrate readiness and strengthen offers. Buyers may encounter competitive bidding situations and should be prepared to make strong, well-researched offers to secure desired properties.

For Sellers

Sellers currently benefit from favorable market conditions, characterized by strong demand and low months of inventory. Proper pricing and presentation remain key to maximizing returns and attracting multiple offers. While the market favors sellers, strategic marketing can help properties stand out and achieve optimal outcomes.