Greater San Diego Association of REALTORS® Market Report - July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market saw a total of 15 sales, a 9.1% decrease from the previous year. New listings increased to 39, contributing to a total of 50 active listings and a months of inventory of 2.3.

Market Analysis

The San Diego housing market continues to exhibit characteristics favorable to sellers, with a strong seller's net listing ratio (SNLR) of 38.5%. Despite a decrease in total sales compared to July 2025, when 22 properties were sold, the current inventory levels remain low, indicating ongoing demand. The months of inventory has slightly increased from 2.1 in June to 2.3 in July, suggesting a gradual shift towards a more balanced market but still favoring sellers.

Property Type Analysis

In July, detached homes accounted for the majority of sales with 10 transactions, while attached properties, including townhouses, recorded 5 sales. The disparity in sales volume highlights the continued preference for detached homes among buyers, although the attached market has shown resilience with a notable number of new listings. The median price for detached homes in the Kensington and Normal Heights area reached $1,516,000, reflecting a year-over-year increase of 59.6%, while attached homes had a median price of $585,000, up 28.7% year-over-year.

Regional Highlights

The Kensington and Normal Heights neighborhoods are particularly active, with 22 new listings for detached homes and 17 for attached homes this month. The average days on market for detached homes is 21 days, while attached homes are selling in an average of 16 days, indicating a strong demand in these areas. This trend suggests that buyers are still eager to purchase properties in desirable neighborhoods despite the overall decrease in sales volume.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as inventory remains low and competition for desirable properties is high. With a seller's market prevailing, buyers should be prepared to make competitive offers, potentially above the asking price, especially for well-located homes.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition to attract buyers. With the low months of inventory and strong demand, sellers can expect favorable outcomes if they present their properties effectively.