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

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market saw a total of 17 sales, a significant decrease of 33.3% compared to May 2025. The inventory remains tight with only 28 active listings, resulting in a months of inventory (MOI) of 1.2, indicating a seller's market.

Market Analysis

The San Diego real estate market continues to exhibit strong seller conditions despite a notable decline in sales year-over-year. With only 17 transactions recorded in May 2026, the market reflects a decrease from 21 sales in May 2025. The current months of inventory at 1.2 suggests that demand is still outpacing supply, as new listings (21) are not sufficient to meet buyer interest. The sales-to-new-listings ratio (SNLR) stands at 81.0%, indicating that a high percentage of new listings are being absorbed by the market quickly.

Property Type Analysis

In May 2026, detached properties accounted for 10 of the total sales, while attached/townhouse properties made up 7 sales. The detached market shows a solid performance with a median days on market (DOM) of 20 days and a closed year-over-year change of -33.3%. In contrast, the attached market has a slightly longer DOM of 23 days, with a year-over-year closed sales decline of 12.5%, indicating a more stable performance relative to detached homes.

Regional Highlights

Focusing on the Serra Mesa area (zip code 92123), the detached market saw 10 closed sales with a median price of $1,065,000, reflecting a competitive environment as homes sold for an average of 102.7% of their list price. The attached market in the same region had 7 closed sales with a median price of $710,000, maintaining a healthy absorption rate despite a slight decrease in closed sales compared to the previous year.

For Buyers

Potential buyers in the Greater San Diego market should be prepared for a competitive environment, as the limited inventory continues to drive demand. It is advisable for buyers to act quickly when they find a property that meets their needs, as homes are selling rapidly, often above the asking price.

For Sellers

Sellers are currently in a favorable position due to the low months of inventory and strong demand. To maximize their selling potential, sellers should consider pricing their homes competitively and ensuring they are in excellent condition to attract buyers quickly, as the market remains responsive to well-presented listings.