Greater San Diego Association of REALTORS® Reports July 2026 Market Trends

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market saw a total of 11 sales, a significant decline of 55.6% compared to the same month last year. New listings increased to 22, while active listings remained stable at 21, resulting in a months of inventory (MOI) of 1.5.

Market Analysis

The current market conditions indicate a seller's market, with a sales-to-new-listings ratio (SNLR) of 50.0%. Despite a slight increase in total sales from June 2026, the year-over-year decline highlights ongoing challenges in buyer demand. The months of inventory has decreased from 1.7 in June to 1.5 in July, suggesting that homes are being absorbed quickly, but the overall sales volume remains low compared to the previous year.

Property Type Analysis

In July, detached homes accounted for 4 sales, while attached homes, including townhouses, saw a higher volume with 7 sales. The median price for detached homes was $1,187,750, reflecting a year-over-year increase of 8%, while attached homes had a median price of $695,000, which represents a 12.5% decrease from the previous year. This divergence in performance between property types suggests varying levels of buyer interest and affordability challenges in the market.

Regional Highlights

The Tierrasanta area (zip code 92124) continues to show active engagement, with 12 new listings and a solid pending ratio of 100% for detached homes. The inventory remains tight, with only 11 active listings for detached properties, leading to a competitive environment for buyers. The overall market dynamics in the region indicate a need for buyers to act quickly when suitable properties become available.

For Buyers

Prospective buyers are encouraged to stay informed about new listings and to be prepared to make swift offers, as the current market conditions favor sellers. With limited inventory and a quick absorption rate, buyers should consider their financing options and be ready to act decisively when they find a property that meets their needs.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are well-prepared for showings. Given the low months of inventory, homes that are presented well and priced appropriately are likely to attract multiple offers, potentially leading to favorable sale terms.