Greater San Diego Association of REALTORS® Reports May 2026 Market Trends: Sales Increase Amid Seller's Market

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market saw a total of 19 sales, an increase from 17 in April 2026. The active listings rose to 132, contributing to a months of inventory figure of 3.8, indicating a continued seller's market.

Market Analysis

The Greater San Diego real estate market is currently characterized by a seller's market, with a sales-to-new-listings ratio (SNLR) of 29.2%. This suggests that demand is outpacing supply, as evidenced by the increase in active listings from 109 in April to 132 in May. However, the total sales of 19 reflect a modest recovery compared to the previous month, indicating a potential stabilization in buyer activity as the market adjusts to current conditions.

The months of inventory has increased from 3.0 in April to 3.8 in May, suggesting that while inventory is growing, it remains below the typical threshold for a balanced market. This increase in inventory may provide buyers with more options, yet the overall demand continues to favor sellers, particularly in the attached/townhouse segment, which accounted for all sales this month.

Property Type Analysis

In May 2026, all 19 sales were in the attached/townhouse category, with no sales recorded for detached properties. The attached market saw 63 new listings and 21 pending transactions, indicating strong demand despite a year-over-year decline in median prices by 28.2%. This trend highlights a shift in buyer preference towards more affordable attached options amidst rising interest rates and economic uncertainty.

The absence of sales in the detached category suggests a potential gap in the market, as buyers may be seeking lower-priced alternatives. The inventory for attached properties stands at 127, with a months supply of 6.5, which may indicate a more competitive landscape for buyers in this segment compared to the detached market, where no activity was observed.

Regional Highlights

The Mission Valley area, represented by the 92108 zip code, reflects the broader trends seen in the Greater San Diego market. With 2 new detached listings and 5 total in inventory, the supply remains limited, contributing to the lack of sales in that category. Conversely, the attached market in this region is more robust, with a median price of $469,999 and a days on market average of 31, indicating a relatively quick turnover for properties listed in this segment.

The overall increase in active listings from 101 in May 2025 to 132 in May 2026 suggests a gradual improvement in supply, although it remains insufficient to meet current demand levels. This trend is critical for potential buyers and sellers as it shapes pricing strategies and market expectations moving forward.

For Buyers

Prospective buyers are encouraged to act promptly in the current market, as the limited inventory and strong demand can lead to competitive bidding situations. Buyers should consider getting pre-approved for financing to enhance their purchasing power and be ready to make offers quickly on desirable properties.

For Sellers

Sellers should take advantage of the current seller's market by pricing their homes competitively and preparing for potential multiple offers. With the increased activity in the attached/townhouse segment, homeowners in this category may find favorable conditions for listing their properties, especially if they present them well and respond swiftly to buyer inquiries.