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 saw a total of 31 sales, marking a 10% decrease year-over-year. New listings increased to 40, while active listings totaled 68, resulting in a months of inventory figure of 1.7.

Market Analysis

The San Diego real estate market continues to exhibit strong seller conditions, with a significant sales-to-new-listings ratio (SNLR) of 77.5%. This indicates that sellers are still in a favorable position, as demand remains robust despite a slight decline in total sales compared to the previous year. The months of inventory remains low at 1.7, suggesting that homes are selling quickly, which is indicative of a competitive market environment.

Property Type Analysis

In May, the detached property market recorded 9 sales, while the attached/townhouse segment saw a more substantial 22 sales. The attached market experienced a notable increase in closed sales compared to the previous year, up 57.1%, while the detached market faced a year-over-year decline of 10%. This disparity highlights a growing preference for attached properties among buyers in the current market.

Regional Highlights

Focusing on the University City area (zip code 92122), the detached market saw 9 closed sales with a median price of $1,695,000, reflecting a competitive environment with homes selling at 100.7% of their list price. In contrast, the attached market in the same region had 22 closed sales with a median price of $650,000, although this segment experienced a year-over-year price decline of 13.9%, indicating varying trends within property types across the region.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the low months of inventory suggest that homes are selling quickly. With a strong SNLR, buyers should be prepared to make competitive offers, particularly in sought-after neighborhoods, to secure their desired property.

For Sellers

Sellers are in a favorable position due to the current market dynamics, characterized by low inventory and a high SNLR. To maximize their selling potential, homeowners should consider pricing their properties competitively and ensuring they are in optimal condition to attract serious buyers.