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 experienced a total of 10 sales, a decrease of 16.7% from the previous year. New listings rose to 26, while active listings remained relatively stable at 42, resulting in 2.1 months of inventory.

Market Analysis

The current market conditions indicate a seller's advantage, with a significant sales-to-new-listings ratio (SNLR) of 38.5%. This suggests that while new inventory is being added, demand is not keeping pace, leading to a tighter supply. The total sales figure of 10 represents a notable decline from April's 23 sales, highlighting a shift in market activity as the spring season progresses. Year-over-year comparisons show a modest increase in sales from 9 in May 2025, but the current decline from the previous month raises questions about buyer sentiment and market stability.

Property Type Analysis

Sales for detached properties totaled 5 in May, mirroring the performance of attached/townhouse properties, which also recorded 5 sales. The median price for detached homes is reported at $1,400,000, reflecting a year-over-year decrease of 12.5%, while attached homes show a median price of $525,000, with a significant year-over-year increase of 150%. This stark contrast indicates a strong demand for attached properties, potentially driven by affordability concerns in the current market.

Regional Highlights

In the Ocean Beach area (zip code 92107), new listings for detached homes reached 17, with a closed sales count of 5. The attached market also saw 9 new listings and 5 closed sales, indicating a balanced activity level despite the overall market slowdown. The months of supply for detached homes stands at 2.1, while attached homes show a slightly higher supply at 3 months, suggesting varied dynamics within the regional segments.

For Buyers

Prospective buyers should remain vigilant in the current market, as inventory levels are low and competition remains high, particularly for attached properties. Buyers are encouraged to act quickly on new listings and consider flexibility in their price range to secure a desirable home.

For Sellers

Sellers are advised to capitalize on the current seller's market by pricing their homes competitively and preparing for potential negotiations. With a strong SNLR, homes that are well-presented and priced appropriately are likely to attract serious buyers quickly, despite the recent decline in overall sales.