Greater San Diego Association of REALTORS® Market Report: May 2026 Shows Strong Seller Advantage

Greater San Diego Association of REALTORS® — May 2026

In May 2026, the Greater San Diego real estate market continues to favor sellers, with a total of 19 sales and 14 new listings. The months of inventory stands at 1.8, indicating a competitive environment for buyers.

Market Analysis

The current market conditions in Greater San Diego reflect a strong seller's advantage, as evidenced by the sales-to-new-listings ratio (SNLR) of 135.7%. This high ratio suggests that homes are selling quickly, with demand outpacing supply. The total sales increased from 17 in April 2026 to 19 in May 2026, while active listings have slightly risen from 22 to 23, indicating a tightening inventory situation. Year-over-year comparisons show a notable increase in sales from 11 in May 2025, further emphasizing the growing demand in the market.

Property Type Analysis

In May 2026, detached homes accounted for 9 of the total sales, while attached properties, including townhouses, contributed 10 sales. The average days on market for detached homes was 26, while attached homes sold even more quickly, averaging 19 days. This trend highlights the robust demand for both property types, although attached homes are currently experiencing a slightly faster turnover in sales.

Regional Highlights

The Tierrasanta area, represented by the zip code 92124, showcases a vibrant market with 9 closed sales for detached homes and 10 for attached properties. The median price for detached homes in this region is $1,274,000, reflecting a 28.3% increase year-over-year, while attached homes have a median price of $682,500, which has decreased by 8.8% compared to last year. This regional data underscores the varied dynamics within the San Diego market, where certain areas are experiencing significant price appreciation.

For Buyers

Prospective buyers should be prepared for a competitive market, as the low months of inventory and high sales-to-new-listings ratio indicate that homes are selling quickly. Buyers are advised to act swiftly when they find a property that meets their needs and to consider making strong offers to increase their chances of success.

For Sellers

Sellers in the Greater San Diego area are currently in a favorable position, with a strong demand for homes and a low inventory of available properties. To maximize their selling potential, sellers should ensure their homes are well-presented and priced competitively, as the current market conditions favor quick sales at or above asking price.