Greater San Diego Association of REALTORS® Reports May 2026 Market Trends

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market continues to exhibit strong demand, with total sales reaching 23, a 50% increase compared to May 2025. New listings have also risen to 38, contributing to a competitive market characterized by a 1.6-month supply of inventory.

Market Analysis

The Greater San Diego real estate market remains firmly in favor of sellers, as evidenced by the current sales-to-new-listings ratio (SNLR) of 60.5%. With only 61 active listings available, the market is experiencing heightened competition, leading to quicker sales and a significant year-over-year increase in total sales. The months of inventory stands at 1.6, indicating a robust demand that is outpacing supply, which is typical for a seller's market.

Property Type Analysis

In May 2026, detached homes dominate the sales figures with 18 transactions, while attached properties, including townhouses, account for 5 sales. The detached market showcases a strong performance with a median days on market (DOM) of just 10 days, reflecting the urgency among buyers. Conversely, attached properties have a longer DOM of 42 days, suggesting a slightly more balanced market for these types of homes, although they still face competitive pressures.

Regional Highlights

Focusing on the 92120 zip code, which includes Allied Gardens and Del Cerro, the detached market shows a median price of $1,245,000, with closed sales up by 50% year-over-year. In contrast, the attached market has seen a decline in closed sales, down 44.4% year-over-year, despite a median price of $610,000. This divergence highlights the varying dynamics within different property types in the region.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the low inventory levels and high demand can lead to competitive bidding situations. Buyers should be prepared to make strong offers and consider getting pre-approved for financing to enhance their purchasing power.

For Sellers

Sellers are in a favorable position to capitalize on the current market conditions. With a limited supply of homes and strong buyer interest, now is an opportune time to list properties. Sellers should ensure their homes are well-presented and priced competitively to attract serious buyers quickly.