Greater San Diego Association of REALTORS® Market Report - June 2026

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market saw a total of 17 sales, marking a 10% decrease in year-over-year sales. With 24 new listings and 35 active listings, the market continues to favor sellers, reflected in a strong sales-to-new-listings ratio of 70.8%.

Market Analysis

The real estate market in Greater San Diego remains competitive, with only 1.6 months of inventory available, indicating a tight supply relative to demand. The sales-to-new-listings ratio of 70.8% suggests that homes are being absorbed quickly, reinforcing the seller's market condition. Although total sales have decreased by 10% compared to June 2025, the number of new listings has increased, which may help balance the market dynamics moving forward.

Property Type Analysis

In June, detached homes accounted for 9 of the total sales, while attached properties, including townhouses, made up the remaining 8 sales. The median price for detached homes was reported at $1,105,625, showing a slight year-over-year decline of 2.7%. In contrast, attached properties experienced a significant increase in median price, reaching $762,000, up 29.2% year-over-year, indicating a growing demand for this property type.

Regional Highlights

The Serra Mesa area, represented by the zip code 92123, has shown notable activity with 16 new listings and 9 closed sales in June. The median price for detached homes in this region is $1,105,625, with homes selling at 99.4% of their list price, reflecting strong buyer interest. The inventory in Serra Mesa stands at 20 homes, with a months supply of 1.6, further emphasizing the competitive nature of this market.

For Buyers

Prospective buyers should act swiftly in the current market, as homes are selling quickly and inventory remains low. It is advisable to get pre-approved for financing and to be prepared to make competitive offers to secure a property.

For Sellers

Sellers are encouraged to take advantage of the current market conditions by pricing their homes competitively and ensuring they are in good condition to attract buyers. With a strong sales-to-new-listings ratio, well-presented homes are likely to receive multiple offers, potentially driving up sale prices.