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 shows signs of strength, with total sales increasing by 30% year-over-year to 17 transactions. New listings rose to 25, contributing to a total of 52 active listings and a months of inventory (MOI) of 3.3.

Market Analysis

The San Diego real estate market remains in favor of sellers, as evidenced by a strong sales-to-new-listings ratio (SNLR) of 68.0%. This indicates that homes are selling quickly, with a notable increase in total sales compared to the previous month, despite a slight decrease from April's 20 sales. The current MOI of 3.3 suggests a balanced market, but with demand outpacing supply, sellers are likely to benefit from favorable conditions.

Property Type Analysis

In May, detached homes accounted for the majority of sales, with 13 transactions, while attached/townhouse properties saw 4 sales. The market for detached homes remains robust, reflecting a continued preference for single-family residences. However, the attached market has shown a decline in closed sales year-over-year, indicating a potential shift in buyer preferences or market saturation in that segment.

Regional Highlights

The Point Loma area, specifically ZIP code 92106, has experienced a dynamic market with 20 new listings and a median price of $1,885,000 for detached homes. The inventory remains stable at 38 homes, with a months supply of 3.3, indicating that while demand is strong, the supply is adequate to meet current buyer interest. In contrast, the attached market in the region has seen a significant year-over-year decline in median prices, suggesting a need for sellers to adjust expectations.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, where demand is high and inventory is limited. With a strong SNLR and a MOI of 3.3, buyers may face competition for desirable properties. Conducting thorough research and being prepared to make competitive offers will be essential for securing a home.

For Sellers

Sellers should take advantage of the current market conditions, as the strong demand and favorable SNLR indicate a good opportunity to list their homes. Pricing competitively and ensuring properties are well-presented can lead to quicker sales and potentially higher offers, especially in sought-after neighborhoods.