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 experienced a significant slowdown, with total sales dropping to 10, a 36.4% decrease from the same month last year. New listings increased to 16, while active listings reached 21, resulting in a months of inventory (MOI) of 1.7, indicating a seller's market.

Market Analysis

The Greater San Diego real estate market is currently characterized by a tight supply of homes, with only 21 active listings available. Despite the increase in new listings to 16, the total sales have sharply declined compared to June 2025, when 19 homes were sold. This decline in sales, coupled with a relatively low MOI of 1.7, suggests that while inventory is limited, buyer demand has waned significantly over the past year. The sales-to-new-listings ratio (SNLR) stands at 62.5%, indicating that sellers are still able to find buyers, albeit at a reduced pace compared to previous months.

Property Type Analysis

In June 2026, detached homes accounted for the majority of sales, with 7 transactions, while attached properties, including townhouses, saw 3 sales. The market for detached homes appears more resilient, with a median price of $1,240,000 and a closed sales year-over-year change of -36.4%. In contrast, the attached market has faced a more pronounced downturn, with a 66.7% decrease in closed sales year-over-year, despite a median price of $835,000.

Regional Highlights

The Tierrasanta neighborhood, specifically the 92124 zip code, reflects the broader trends observed in the Greater San Diego area. Detached homes in this region have shown a median price increase of 3.8% year-over-year, while the attached market has experienced a notable median price increase of 19.3%. This divergence highlights the varying dynamics within different property types, as buyers continue to show interest in detached homes despite the overall decline in sales volume.

For Buyers

Potential buyers in the Greater San Diego market should remain vigilant and prepared to act quickly, as the current low inventory levels may lead to competitive bidding situations. It is advisable for buyers to have their financing pre-approved and to work closely with a knowledgeable REALTOR® to navigate the market effectively.

For Sellers

Sellers in the Greater San Diego area are encouraged to price their homes competitively and present them in the best possible condition to attract buyers. With a current seller's market, leveraging the limited inventory can be beneficial, but sellers should also be aware of the declining sales trends and be prepared for negotiations.