Greater San Diego Association of REALTORS® Reports July 2026 Market Trends

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market experienced a significant slowdown, with total sales dropping to 5, a 70% decrease year-over-year. New listings increased to 17, while active listings rose to 29, resulting in a months of inventory of 2.6.

Market Analysis

The San Diego real estate market is currently favoring sellers, despite the notable decline in sales activity. With only 5 homes sold in July, the market is witnessing a stark contrast to the 14 sales recorded in July 2025. The increase in new listings to 17 indicates that sellers are still willing to enter the market, but the overall demand appears to be waning, as evidenced by the sales-to-new-listings ratio (SNLR) of 29.4%. This ratio suggests that while homes are being listed, they are not moving off the market as quickly as in previous periods.

Property Type Analysis

In July, detached homes accounted for the majority of sales with 3 transactions, while attached/townhouse properties saw 2 sales. The lack of apartment sales this month highlights a potential gap in the market for multi-family units, which may be a result of changing buyer preferences or inventory shortages. The median price data for detached and attached properties indicates a mixed performance, with detached homes showing resilience in pricing despite the overall sales decline.

Regional Highlights

Regionally, the 92113 area, specifically Logan Heights, shows a mixed picture. Detached homes in this area had a median price of $760,000, with closed sales down 70% year-over-year. Conversely, attached homes had a more stable performance, with a median price of $611,000 and a smaller decline in closed sales of 50%. This suggests that while the broader market is contracting, certain neighborhoods may still exhibit localized strength.

For Buyers

For buyers, the current market presents an opportunity to negotiate favorable terms due to the increased inventory and slower sales pace. With 29 active listings available, buyers should take the time to evaluate their options and consider making offers that reflect current market conditions.

For Sellers

Sellers are encouraged to remain realistic about pricing in the current environment. With a significant drop in sales and an increase in competition from new listings, it is crucial to price homes competitively to attract potential buyers. Engaging a knowledgeable REALTOR® can help sellers navigate this challenging market.