May 2026 Market Report: Greater San Diego Association of REALTORS® Shows Continued Seller Advantage

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market experienced a notable increase in sales, with a total of 4 properties sold, up from 2 in April. The market remains competitive for sellers, with a months of inventory (MOI) at just 0.7, indicating a strong demand relative to supply.

Market Analysis

The San Diego real estate market continues to exhibit seller-favorable conditions, characterized by a low months of inventory of 0.7. This figure suggests that properties are moving quickly, with a significant sales-to-new-listings ratio (SNLR) of 44.4%. However, year-over-year sales have decreased by 66.7%, highlighting a potential cooling trend compared to the previous year. The total number of active listings remains low at 8, which further emphasizes the tight supply in the market.

Property Type Analysis

In May, the detached property segment saw a total of 1 sale, while the attached/townhouse category accounted for 3 sales. The median price for detached homes was reported at $1,600,000, with properties closing at 85.1% of their list price. In contrast, attached properties had a median price of $785,000, closing at 95.8% of their list price. This disparity indicates a stronger demand for attached properties, which may be more appealing to buyers in the current market.

Regional Highlights

The Sorrento Valley area, specifically the 92121 zip code, reflects these trends with 1 detached home sold and 3 attached homes sold in May. The inventory for detached homes is critically low, with only 1 unit available, while attached properties have a more substantial inventory of 7. This regional data underscores the ongoing demand for housing in desirable neighborhoods, despite the overall decline in sales compared to last year.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the low inventory levels mean that desirable properties are likely to sell quickly. It is advisable for buyers to be pre-approved for financing and prepared to make competitive offers to increase their chances of securing a home.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition for showings. With a low months of inventory, sellers may find that their properties attract significant interest, leading to quicker sales at favorable prices.