Greater San Diego REALTORS®: April 2026 Market Sees Sales Decline 33.3% Year-Over-Year Amidst Seller's Market

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market experienced a notable shift in April 2026, with total sales reaching 29, representing a 33.3% decrease compared to April 2025. Despite this decline, the market remains firmly in seller's territory, characterized by low inventory and strong demand, as reported by the Greater San Diego Association of REALTORS®.

Market Analysis

Total sales for April 2026 stood at 29, a decrease from 39 sales recorded in April 2025. However, this figure represents an increase from the 21 sales observed in the prior month of March 2026. New listings totaled 42, while active listings reached 50, indicating a slight increase in available homes compared to March's 41 active listings, but still below April 2025's 53 active listings.

The Sales-to-New-Listings Ratio (SNLR) for April was 69.0%, suggesting that a significant portion of new inventory is quickly absorbed by buyer demand. Months of Inventory (MOI) registered at 1.6 months, a slight increase from March's 1.4 months but a decrease from April 2025's 1.9 months. This low MOI continues to underscore the prevailing seller's market conditions across the region.

Property Type Analysis

Detached homes continue to dominate the market, accounting for 28 of the 29 total sales in April. In the 92114 zip code, detached homes saw 28 closed sales with a median price of $765,000, marking a 2% increase year-over-year. These properties sold quickly, averaging 26 days on market and achieving 102.5% of their original list price, with a months supply of 1.6.

In contrast, the attached property segment recorded only 1 sale in April. For attached homes in the 92114 zip code, the median price was $689,900, reflecting an 86.5% increase year-over-year, though this is based on extremely low sales volume. Attached homes in this area spent an average of 14 days on market and sold at 100% of list price, but faced a significantly higher months supply of 8.3, indicating a less competitive environment compared to detached properties.

Regional Highlights

The 92114 (Encanto) zip code provides a microcosm of the broader Greater San Diego market dynamics. Detached homes in this area exhibit robust performance, characterized by strong median price appreciation, quick sales, and offers frequently exceeding asking price. The year-over-year sales for detached homes in 92114 mirrored the regional trend, showing a 33.3% decline in closed sales.

Conversely, the attached segment within 92114, while showing a substantial year-over-year median price increase, struggles with significantly lower sales volume and a much higher months of supply, suggesting a more balanced or even buyer-leaning market for this specific property type in that area.

For Buyers

In this seller's market, buyers should be prepared for competitive conditions, particularly for detached homes with low inventory. Securing pre-approval for financing is crucial, and acting swiftly when a suitable property becomes available can provide an advantage. Buyers may need to consider flexible terms or strong offers to stand out.

For Sellers

Sellers continue to benefit from favorable market conditions, especially for detached properties. With low months of inventory, sellers can expect strong interest and potentially multiple offers. Professional staging and strategic pricing remain key to maximizing sale potential and achieving favorable terms.