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 19 sales, a 27.3% decrease from the same month last year. The active listings rose to 115, resulting in a balanced market with 4.8 months of inventory available.

Market Analysis

The San Diego real estate market remains balanced, with a sales-to-new-listings ratio (SNLR) of 46.3%. This indicates that while demand has softened compared to the previous year, supply has also stabilized, allowing for a more even playing field for buyers and sellers. The total sales in May 2026 decreased from 24 in April 2026, reflecting a seasonal adjustment as the market transitions into summer. Year-over-year comparisons show a slight decline in sales, down from 21 in May 2025, suggesting a cautious approach from buyers amid economic uncertainties.

Property Type Analysis

In terms of property types, detached homes accounted for 8 sales, while attached homes, including townhouses, saw 11 sales in May 2026. The inventory for detached homes remains relatively tight with 49 available units, while attached homes have a more substantial inventory of 66 units, contributing to a slightly longer months of supply for attached properties at 6 months compared to 4.8 months for detached homes. This difference highlights the varying dynamics within the market segments, with attached homes facing more competition among listings.

Regional Highlights

Regionally, the 92118 area, which includes Coronado, shows a mixed performance. Detached homes in this area had a median price of $3,242,500, with a strong list-to-sale price ratio of 99.8%, indicating robust demand despite the overall decline in sales. Conversely, attached homes in the same region had a median price of $1,860,000, with a slightly lower list-to-sale ratio of 95.8%, reflecting a more cautious buyer sentiment in this segment.

For Buyers

Buyers are encouraged to take advantage of the current balanced market conditions, as there are more active listings available compared to previous months. With 4.8 months of inventory, buyers have the opportunity to explore various options without the pressure of a highly competitive environment. It is advisable to conduct thorough research and consider negotiating terms, especially in the attached home segment where inventory is more plentiful.

For Sellers

Sellers should remain realistic about pricing and be prepared for a longer selling process given the decrease in sales activity. With 41 new listings entering the market in May, competition is increasing, and homes must be presented well to attract buyers. Sellers are encouraged to work closely with their REALTORS® to set competitive prices and consider staging their homes to stand out in a balanced market.