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 18 sales, a 12.5% decrease compared to the same month last year. New listings increased to 30, contributing to a total of 59 active listings, resulting in a months of inventory (MOI) of 1.8, indicating a seller's market.

Market Analysis

The San Diego real estate market continues to show signs of tight inventory, with a months of inventory figure of 1.8, consistent with the previous month. The sales-to-new-listings ratio (SNLR) stands at 60.0%, suggesting that while new listings are entering the market, demand remains robust enough to absorb them quickly. However, total sales have declined from 20 in May 2025 to 18 this month, reflecting a year-over-year decrease of 12.5%. This decline in sales, coupled with an increase in new listings, indicates that buyers may be exercising more caution in their purchasing decisions.

Property Type Analysis

In May 2026, detached properties accounted for 7 of the total sales, while attached properties, including townhouses, saw 11 sales. The median price for detached homes was reported at $1,590,000, with a competitive list-to-sale price ratio of 100.4%. In contrast, attached properties had a median price of $673,500, with a slightly lower list-to-sale price ratio of 97.2%. The disparity in sales and pricing between these property types highlights the ongoing demand for attached homes, which may appeal to first-time buyers and those seeking more affordable options.

Regional Highlights

The 92110 zip code, particularly in the Morena neighborhood, has shown notable activity with 9 new detached listings and 7 closed sales this month. The median price for detached homes in this area is $1,590,000, reflecting a year-over-year increase of 20.8%. Meanwhile, the attached market in the same region has also remained active, with 21 new listings and 11 closed sales, indicating a steady interest in this segment despite the overall decline in sales volume.

For Buyers

Potential buyers are encouraged to remain vigilant in their search, as the current market conditions favor sellers. With a limited number of active listings and a competitive sales environment, buyers should be prepared to act quickly when they find a property that meets their needs. Additionally, considering properties in less competitive segments, such as attached homes, may provide more favorable opportunities.

For Sellers

Sellers are advised to leverage the current market conditions, as the low months of inventory indicates strong demand for homes. Pricing properties competitively and ensuring they are well-presented can attract potential buyers quickly. With a significant number of new listings entering the market, sellers should also be prepared for increased competition and consider strategic marketing to highlight the unique features of their homes.