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

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market shows signs of stability with 18 total sales, a slight increase from 17 in June. New listings rose to 28, contributing to a current inventory of 38 active listings and a months of inventory (MOI) of 2.0.

Market Analysis

The San Diego real estate market is currently favoring sellers, as indicated by a sales-to-new-listings ratio (SNLR) of 64.3%. This suggests that while new listings are entering the market, demand remains strong enough to absorb them quickly. However, total sales have decreased by 20.0% year-over-year, reflecting a cooling trend compared to July 2025, when 19 sales were recorded. The market's months of inventory has also tightened slightly from 1.6 in June to 2.0 in July, indicating a balanced supply-demand dynamic despite the drop in sales volume.

Property Type Analysis

Sales activity in the detached property segment remains robust, with 12 sales recorded in July. In contrast, the attached/townhouse segment saw 6 sales, reflecting a stronger performance in the detached market. The median days on market for detached homes is 24 days, while attached properties have a longer median of 50 days, suggesting varying levels of buyer interest and competition between these property types.

Regional Highlights

In the Serra Mesa area (zip code 92123), the detached market shows a median price of $997,000, with 97.6% of listings selling at or above their asking price. This area has seen a year-over-year decline of 5% in median price, while the attached market has experienced a notable increase of 15.3%, indicating a shift in buyer preferences towards attached properties. The overall inventory in the region has decreased from 58 active listings in July 2025 to 38 this month, highlighting a tightening market.

For Buyers

Prospective buyers should remain vigilant as inventory levels are low, resulting in competitive bidding situations. It is advisable to act quickly when a desirable property becomes available and to be prepared to make strong offers, as many homes are selling close to or above their asking prices.

For Sellers

Sellers are encouraged to price their homes competitively, as the current market conditions favor them. With a strong SNLR and a relatively low MOI, well-priced homes are likely to attract multiple offers. Additionally, staging and marketing strategies should be employed to enhance property appeal and maximize sale potential.