Greater San Diego Association of REALTORS® Reports Strong Seller's Market in May 2026

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market continues to favor sellers, with total sales reaching 40 properties, up from 36 in April. Active listings increased slightly to 56, while months of inventory remain low at 1.1, indicating strong demand.

Market Analysis

The Greater San Diego real estate market is characterized by a robust seller's environment as evidenced by the sales-to-new-listings ratio (SNLR) of 85.1%. This high SNLR suggests that homes are selling quickly, with demand outpacing supply. The total sales of 40 in May represent a notable increase from 36 in April, reflecting a growing interest among buyers despite the limited inventory. The months of inventory at 1.1 indicates a highly competitive market, where properties are moving swiftly.

Property Type Analysis

In May, detached homes dominated sales with 30 transactions, while attached homes, including townhouses, accounted for 10 sales. The median price for detached homes stands at $1,350,000, reflecting a year-over-year increase of 13.7%. In contrast, attached homes have a median price of $583,500, which has seen a slight decline of 0.6% year-over-year, indicating differing dynamics within these property types.

Regional Highlights

The Clairemont area, specifically zip code 92117, showcases these trends with 30 closed sales of detached homes, all achieving an impressive 100.5% of list price. The inventory for detached homes in this region is currently at 31, with a months supply of 1.1, further emphasizing the competitive nature of the market. For attached homes, the inventory is higher at 25, with a months supply of 3.7, suggesting a more balanced market for this property type.

For Buyers

Prospective buyers are encouraged to act swiftly in this competitive market. With low months of inventory and a high SNLR, homes are selling quickly, often at or above asking price. Buyers should be prepared to make strong offers and consider being flexible with their terms to increase their chances of securing a property.

For Sellers

Sellers are in a favorable position in the current market, with strong demand and low inventory. It is advisable for sellers to price their homes competitively and consider staging to enhance appeal. Given the current market dynamics, sellers may also benefit from being prepared for multiple offers, which can drive up the final sale price.