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 notable decline in sales, with a total of 7 transactions recorded, a 50% decrease compared to May 2025. The market remains in favor of sellers, with a strong sales-to-new-listings ratio of 70.0% and 27 active listings available.

Market Analysis

The current market conditions indicate a tightening inventory, with only 2.1 months of supply available. This is a slight increase from April 2026's 1.7 months of inventory, suggesting that while new listings have increased to 10 this month, demand continues to outpace supply. The sales year-over-year decline of 50% reflects broader economic factors and potential buyer hesitance amid fluctuating interest rates and economic uncertainty.

Despite the decrease in total sales, the strong sales-to-new-listings ratio suggests that properties are still moving quickly when priced appropriately. The market's dynamics favor sellers, particularly in the detached home segment, which accounted for 6 of the 7 sales this month. This indicates that well-positioned homes are attracting buyers, even in a challenging environment.

Property Type Analysis

In May 2026, detached homes dominated the market with 6 sales, while attached properties, including townhouses, accounted for only 1 sale. The median price for detached homes remains robust at $800,000, reflecting a year-over-year increase of 22.6%. In contrast, attached homes have a median price of $725,000, showing a modest increase of 8.2% year-over-year, but with significantly lower sales volume.

The disparity in sales between detached and attached properties highlights a continued preference for single-family homes, likely driven by buyer demand for more space and privacy. This trend is evident as the months of inventory for detached homes stands at 2.1, while attached homes have a higher 4.4 months of supply, indicating a slower market for attached properties.

Regional Highlights

Focusing on the Logan Heights area (zip code 92113), the market shows a similar trend with 6 closed sales of detached homes at a median price of $800,000, maintaining a high percentage of list price at 99.5%. The area has a total inventory of 13 homes, translating to a 2.1 months supply, indicating a competitive environment for buyers. The attached market in this region, however, is less active, with only 1 sale and a median price of $725,000, reflecting a more balanced market with 4.4 months of supply.

Overall, the regional trends indicate that while certain areas are experiencing robust activity, others are facing challenges with slower sales and higher inventory levels. Buyers are advised to act quickly in sought-after neighborhoods, while sellers should be prepared for varying levels of competition based on property type and location.

For Buyers

For prospective buyers, it is crucial to stay informed about market conditions and act swiftly when a desirable property becomes available. With a current sales-to-new-listings ratio of 70.0%, homes are selling quickly, and buyers should be prepared to make competitive offers. Engaging with a knowledgeable REALTOR® can provide insights into the best strategies for navigating this dynamic market.

For Sellers

Sellers should leverage the current market conditions by pricing their homes competitively and ensuring they are well-presented to attract potential buyers. With a strong sales-to-new-listings ratio and limited inventory, now is an opportune time to list a property. Collaborating with a REALTOR® can help sellers effectively market their homes and navigate negotiations to achieve favorable outcomes.