Greater San Diego Association of REALTORS®: March 2026 Market Sees Sales Rise Slightly Amidst Tight Inventory

Greater San Diego Association of REALTORS® — March 2026

The Greater San Diego housing market for March 2026 recorded 29 total sales, a slight increase from the prior month, yet a 13.3% decrease year-over-year. With a Sales-to-New-Listings Ratio (SNLR) of 74.4% and 1.3 months of inventory, market conditions favor sellers.

Market Analysis

March 2026 data from the Greater San Diego Association of REALTORS® indicates a robust sellers' market, characterized by low inventory and strong buyer demand. Total sales reached 29, a modest increase from 28 sales in February 2026 and up from 27 sales in March 2025. However, this represents a 13.3% decline in sales activity compared to the prior year.

New listings for the month totaled 39, while active listings stood at 45. This tight supply contributes to the 1.3 months of inventory, consistent with February 2026 and slightly higher than the 1.2 months recorded in March 2025. The Sales-to-New-Listings Ratio (SNLR) of 74.4% further underscores the competitive environment, where a significant portion of new listings are quickly absorbed by the market.

Property Type Analysis

Of the 29 total sales reported by the Greater San Diego Association of REALTORS® for March 2026, detached homes accounted for 13 transactions, while attached homes, including townhouses, saw 16 sales. This indicates a slightly higher sales volume for attached properties during the period.

In the 92111 zip code, detached homes recorded a median price of $1,117,000, achieving 100.4% of list price with an average of 27 days on market. Attached properties in the same area had a median price of $715,350, selling for 98.8% of list price and spending 38 days on market. These figures highlight varying price points and market speeds between property types within specific sub-markets.

Regional Highlights

Examining specific sub-markets, the 92111 area demonstrates varied performance by property type. Detached homes in 92111 experienced a 6.4% year-over-year increase in median price, despite a 13.3% decrease in closed sales compared to the prior year. Conversely, attached homes in 92111 saw a 6.7% year-over-year decrease in median price, even as closed sales surged by 45.5% over the same period. This indicates distinct supply and demand pressures influencing different housing segments within the region.

For Buyers

Buyers navigating the Greater San Diego market in March 2026 should be prepared for competitive conditions, particularly given the low months of inventory and strong SNLR. It is advisable to have financing pre-approved and be ready to make timely, strong offers. Flexibility on terms and a clear understanding of market value are crucial for success.

For Sellers

Sellers in the Greater San Diego area are well-positioned in March 2026 to capitalize on the current market dynamics. With conditions favoring sellers and limited inventory, strategic pricing and effective property presentation can lead to quick sales and favorable terms. Consulting with a REALTOR® to accurately price and market a home is essential to maximize potential.