Greater San Diego Association of REALTORS® Market Report for July 2026: Sales Decline Amid Increased Listings

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market experienced a significant decline in sales, with only 13 transactions recorded, a 60% decrease year-over-year. New listings rose to 33, contributing to a total of 55 active listings and a months of inventory (MOI) of 2.1, indicating a seller's market.

Market Analysis

The current market conditions reveal a stark contrast to the previous year, with total sales plummeting from 28 in July 2025 to just 13 this month. Despite the decrease in sales, the increase in new listings suggests that sellers are becoming more active in the market, potentially responding to changing buyer dynamics. The months of inventory at 2.1 indicates that while there is a supply of homes available, the demand has not kept pace, leading to a competitive environment for sellers.

Property Type Analysis

When examining property types, detached homes dominate the sales figures with 10 transactions, while attached homes, including townhouses, account for 3 sales. The disparity in sales volume between these property types highlights the continued preference for detached homes among buyers, despite the overall market slowdown. The median price for detached homes remains relatively stable, suggesting that while sales are down, the value perception among buyers remains intact.

Regional Highlights

The Encanto area (zip code 92114) showcases a mixed performance, with 30 new detached listings and 10 closed sales at a median price of $782,500, reflecting a competitive market with a closed sales year-over-year change of -60%. In contrast, the attached market in the same region shows stability with 3 closed sales and a median price of $669,500, indicating a slight decrease in value but no change in sales volume compared to the previous year.

For Buyers

For buyers navigating the current market, it is advisable to act decisively when suitable properties arise, as the limited inventory may lead to competitive bidding situations. Buyers should be prepared to make strong offers and consider properties that meet their needs without delay.

For Sellers

Sellers are encouraged to leverage the current market conditions by pricing their homes competitively and ensuring they are well-presented to attract potential buyers. With an increase in new listings, it is crucial for sellers to differentiate their properties to stand out in a crowded market.