Greater San Diego Association of REALTORS® Market Report – June 2026

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market experienced a notable decline in sales, with a total of 14 transactions recorded, down 28.6% year-over-year. New listings increased to 35, while active listings stood at 58, indicating a competitive market for sellers with a months of inventory at 1.5.

Market Analysis

The San Diego real estate market continues to exhibit seller-favorable conditions despite a decrease in total sales compared to the previous year. With only 14 sales in June 2026, the market is witnessing a significant drop from 23 sales in May 2026 and 18 sales in June 2025. The supply of homes remains tight, as indicated by the 1.5 months of inventory, which is slightly lower than the 1.6 months recorded in May 2026 and significantly lower than the 1.9 months from the same month last year. This limited inventory is contributing to a strong seller's market, with a sales-to-new-listings ratio (SNLR) of 40.0%.

Property Type Analysis

In June, detached homes accounted for the majority of sales with 10 transactions, while attached properties, including townhouses, saw 4 sales. The detached market remains robust despite the overall decline in sales, indicating a continued demand for single-family homes. The attached market, while smaller, has shown resilience with a median price of $550,000, reflecting a year-over-year increase of 20%. This suggests that buyers are still actively seeking affordable options in a competitive landscape.

Regional Highlights

Focusing on the Allied Gardens and Del Cerro areas, the detached market saw 22 new listings and 10 closed sales, with a median price of $1,097,500, which is down 20.9% year-over-year. In contrast, the attached market in the same region had 13 new listings and 4 closed sales, with a median price of $550,000, demonstrating a slight increase in demand. The inventory levels in these neighborhoods reflect a broader trend in San Diego, where sellers are capitalizing on the limited supply and competitive buyer interest.

For Buyers

Prospective buyers should be prepared for a competitive market with limited inventory. It is advisable to act quickly when a desirable property becomes available and to be flexible with their offers to increase chances of success. Understanding the nuances of the local market and having pre-approval for financing can also provide a significant advantage.

For Sellers

Sellers are currently in a favorable position due to the low months of inventory and high demand. To maximize their selling potential, it is essential to price homes competitively and present them well to attract buyers. Additionally, leveraging the current market conditions by listing properties promptly can lead to quicker sales and potentially higher offers.