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 total of 30 sales, reflecting a 4.5% decrease compared to the same month last year. The active listings rose to 100, while new listings reached 51, indicating a competitive environment for sellers.

Market Analysis

The San Diego real estate market continues to show signs of a seller's advantage, with a months of inventory (MOI) at 2.3. This figure suggests that homes are selling quickly, as the market maintains a healthy turnover despite a slight decline in total sales compared to the previous year. The sales-to-new-listings ratio (SNLR) stands at 58.8%, indicating that nearly 60% of new listings are being absorbed by buyers, which keeps upward pressure on home prices.

Property Type Analysis

In May, detached homes dominated the sales with 21 transactions, while attached homes, including townhouses, accounted for 9 sales. The market for detached homes remains robust, with a median price that has shown resilience, while attached properties are experiencing a slower absorption rate, evident from their higher months of inventory at 4.5 compared to the 2.3 for detached homes.

Regional Highlights

The 92115 zip code, particularly in the College area, has shown strong performance with 21 closed sales for detached homes and a median price of $950,000, reflecting a 15.9% increase year-over-year. The attached market in the same region also performed well, with a median price of $454,000 and a 99% list-to-sale price ratio, indicating that homes are selling close to their asking prices.

For Buyers

Prospective buyers should act swiftly in the current market, as the low months of inventory indicate that homes are selling quickly. With a competitive landscape, buyers are encouraged to be pre-approved for financing and prepared to make strong offers to secure their desired properties.

For Sellers

Sellers are in a favorable position in the current market, with a strong demand for homes and a relatively low inventory. To maximize their selling potential, homeowners should consider pricing their properties competitively and ensuring that their homes are in excellent condition to attract serious buyers.