Greater San Diego Association of REALTORS® Market Report - July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market experienced a significant decline in sales, with only 8 transactions recorded, a 44.4% decrease compared to the same month last year. The active listings increased to 44, resulting in a months of inventory (MOI) of 1.8, indicating a seller's market despite the drop in sales activity.

Market Analysis

The current market dynamics reveal a stark contrast to the previous year, as total sales plummeted from 19 in July 2025 to just 8 this month. The increase in active listings from 33 in June 2026 to 44 in July suggests a growing supply, yet the low sales figures indicate that demand has not kept pace. The sales-to-new-listings ratio (SNLR) stands at 25.8%, highlighting the challenges sellers face in attracting buyers in a market with heightened inventory levels. Despite the reduced sales, the market remains classified as a seller's market due to the relatively low months of inventory.

Property Type Analysis

In July, detached properties accounted for the majority of sales with 5 transactions, while attached/townhouse properties followed with 3 sales. The disparity in sales activity between these property types reflects differing buyer preferences and market conditions, with detached homes typically commanding higher prices and attracting a more competitive buyer pool. The attached market, while experiencing a notable year-over-year decline in closed sales of 66.7%, saw a median price increase of 42.8%, indicating potential resilience in this segment despite overall market challenges.

Regional Highlights

Focusing on the Ocean Beach area (zip code 92107), the detached market saw 5 closed sales with a median price of $1,900,000, while the attached market had 3 closed sales with a median price of $1,010,000. The inventory levels in Ocean Beach reflect a tight supply, with a months supply of 1.8 for detached homes and a higher 4.3 for attached properties, suggesting that buyers in the detached segment may face more competition than those in the attached market. This regional analysis underscores the variability within the Greater San Diego market.

For Buyers

For prospective buyers, the current market presents an opportunity to negotiate, especially given the increased inventory levels. Buyers should consider acting quickly on listings that meet their criteria, as the competitive landscape can shift rapidly. Conducting thorough research and being prepared to make offers can enhance chances of securing a desired property.

For Sellers

Sellers are encouraged to price their homes competitively and be prepared for longer marketing times due to the current market conditions. With an increase in active listings, it is crucial to present properties in the best possible light and consider strategic pricing to attract potential buyers. Engaging with a knowledgeable REALTOR® can provide valuable insights into effective marketing strategies.