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 saw a total of 32 sales, a 7.7% decrease from the same month last year. New listings increased to 54, contributing to a total of 114 active listings, resulting in 3.4 months of inventory.

Market Analysis

The Greater San Diego real estate market continues to exhibit seller-favorable conditions, with a sales-to-new-listings ratio (SNLR) of 59.3%. This indicates a healthy demand relative to the number of new listings entering the market. However, the total sales volume has seen a slight decline compared to the previous year, with 32 sales recorded in May 2026 compared to 31 in May 2025. The increase in active listings from 110 in April to 114 in May suggests that sellers are responding to the market dynamics by listing more properties, yet the overall sales volume remains subdued.

Property Type Analysis

In May 2026, detached homes accounted for 12 of the total sales, while attached homes, including townhouses, represented a larger segment with 20 sales. The median price for detached homes in the Pacific Beach and Mission Beach areas was $2,840,000, reflecting a 20.6% increase year-over-year, while attached homes had a median price of $1,055,000, up 34% from the previous year. This disparity in price growth between property types indicates a stronger demand for attached homes, likely driven by affordability considerations in the current market.

Regional Highlights

The Pacific Beach and Mission Beach areas have shown notable trends this month, with detached homes experiencing a median days on market (DOM) of 30 and attached homes at 32 days. The inventory levels in these regions suggest a balanced market, with 39 detached homes and 75 attached homes available, leading to 3.4 months of supply for detached homes and 4.6 months for attached homes. This balance may encourage buyers to explore options across different property types.

For Buyers

For prospective buyers, the current market conditions present an opportunity to negotiate, particularly with an increasing number of active listings. Buyers should consider exploring both detached and attached properties, as the latter may offer more competitive pricing and favorable terms. Engaging with a knowledgeable REALTOR® can provide insights into the best strategies for making an informed purchase.

For Sellers

Sellers are advised to capitalize on the current seller-favorable conditions by pricing their homes competitively and ensuring they are well-presented to attract potential buyers. With an increase in new listings, it is crucial for sellers to differentiate their properties through effective marketing and staging to stand out in the market.