Greater San Diego REALTORS®: April 2026 Market Sees Tight Inventory and Seller's Conditions Amidst Sales Dip

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market in April 2026 reports 17 total sales, a decrease of 7.1% year-over-year, according to figures published by the Greater San Diego Association of REALTORS®. Active listings stand at 36, contributing to a low 1.5 months of inventory, indicating a prevailing seller's market.

Market Analysis

April 2026 recorded 17 total sales, an increase from 8 sales in March 2026 but a 7.1% decline compared to 19 sales in April 2025. New listings totaled 27 for the month, while active listings reached 36. This low inventory level results in 1.5 months of inventory, a decrease from 2.5 months in April 2025, reinforcing the current seller's market conditions. The sales-to-new-listings ratio (SNLR) stands at 63.0%, suggesting a strong absorption rate of new properties entering the market.

The market continues to favor sellers, with the months of inventory remaining tight. While total sales saw a year-over-year decrease, the sequential increase from March 2026 indicates some renewed activity. The limited supply of homes available for purchase continues to be a defining characteristic of the market.

Property Type Analysis

Detached homes accounted for 13 of the total sales in April 2026, while attached/townhouse properties saw 4 sales. In the 92123 zip code (Serra Mesa), detached homes recorded 13 closed sales, a 7.1% decrease year-over-year, with a median price of $1,039,500. Attached properties in the same area had 4 closed sales, a 33.3% decrease year-over-year, with a median price of $672,000.

Detached homes in Serra Mesa spent an average of 34 days on market, selling for 99% of their list price, while attached homes had a quicker turnaround at 24 days on market, achieving 99.4% of their list price. The months of supply for detached homes in Serra Mesa was 1.5 months, mirroring the overall market, while attached homes had a higher supply at 3.8 months.

Regional Highlights

In the 92123 zip code (Serra Mesa), the market demonstrates strong price appreciation for both property types. Detached homes experienced a 4.1% year-over-year increase in median price, reaching $1,039,500. Attached properties in Serra Mesa saw an even stronger median price growth of 7.5% year-over-year, with a median price of $672,000.

New listings in Serra Mesa included 16 detached homes and 11 attached homes. The quick sales pace, particularly for attached homes with a median of 24 days on market, highlights buyer demand in specific submarkets, even as overall sales figures show a year-over-year decline.

For Buyers

Buyers navigating the Greater San Diego market in April 2026 face a competitive environment characterized by low inventory and a seller's market. It is advisable to secure pre-approval for financing, be prepared to act quickly on desirable properties, and consider making strong, competitive offers to stand out. Flexibility on terms and a clear understanding of market value are crucial.

For Sellers

Sellers in April 2026 benefit from favorable market conditions, including low months of inventory and a strong sales-to-new-listings ratio. With only 1.5 months of inventory, properties are moving quickly. Pricing strategically, presenting homes in optimal condition, and working with a REALTOR® to effectively market the property can help maximize interest and secure the best possible offers.