Greater San Diego Association of REALTORS®: April 2026 Market Sees Sales Dip Amidst Tight Inventory

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market recorded 33 total sales in April 2026, a decrease of 8.7% compared to April 2025, according to figures from the Greater San Diego Association of REALTORS®. Months of inventory stood at 1.5, indicating a continued sellers' market.

Market Analysis

In April 2026, the Greater San Diego market experienced a slight cooling in sales activity while inventory levels saw an increase. Total sales reached 33, a modest decline from 34 sales in March 2026 and 36 sales in April 2025. New listings for the month totaled 63, contributing to an active listings count of 79. This represents an increase from 65 active listings in March 2026 and 59 in April 2025.

The Sales-to-New-Listings Ratio (SNLR) for April 2026 was 52.4%, suggesting that just over half of new listings are going under contract. Despite the increase in active listings, the market remains firmly in favor of sellers, as evidenced by the low months of inventory. At 1.5 months, inventory levels are up from 1.3 months in March 2026 and 1.0 month in April 2025, yet still reflect a constrained supply relative to demand.

Property Type Analysis

A breakdown of sales by property type reveals that detached homes accounted for the majority of transactions in April 2026, with 21 sales. Attached/townhouse properties recorded 12 sales during the same period.

Looking at the 92126 (Mira Mesa) submarket, detached homes saw 21 closed sales with a median price of $1,100,000, achieving 100.3% of their list price and spending an average of 18 days on market. The median price for detached homes in 92126 experienced a year-over-year change of -0.9%. Attached homes in 92126 recorded 12 closed sales at a median price of $559,000, selling at 97.8% of list price and remaining on the market for an average of 75 days. The median price for attached homes in 92126 saw a more significant year-over-year decrease of 12%.

Regional Highlights

The 92126 (Mira Mesa) submarket provides specific insights into local dynamics. Detached homes in 92126 had 36 new listings and an inventory of 31 units, resulting in a months' supply of 1.5. Closed sales for detached homes in this area saw a year-over-year decrease of 8.7%.

For attached properties in 92126, there were 27 new listings and an inventory of 48 units, leading to a months' supply of 3.5. Attached home sales in 92126 experienced a year-over-year decline of 7.7%, slightly less pronounced than the detached segment's decline.

For Buyers

In a market characterized by low inventory and strong seller advantage, prospective buyers in Greater San Diego should be prepared for competitive conditions. Securing pre-approval for financing is crucial, and acting decisively when a suitable property becomes available can be advantageous. Buyers may need to consider offering competitive terms to stand out.

For Sellers

Sellers in the Greater San Diego market continue to benefit from favorable conditions, with months of inventory remaining low. To maximize success, sellers should focus on presenting their homes in optimal condition and pricing competitively based on recent comparable sales. Working closely with a REALTOR® can help navigate market nuances and attract qualified buyers effectively.