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 continues to show strong seller conditions with a total of 41 sales and 49 new listings. The months of inventory stands at just 1.1, indicating a tight market as demand outpaces supply.

Market Analysis

The San Diego housing market remains competitive in May 2026, characterized by a low months of inventory at 1.1, down from 1.5 in April 2026. This tight supply has resulted in a significant seller's market, with a sales-to-new-listings ratio (SNLR) of 83.7%, suggesting that nearly all new listings are being absorbed quickly. The total sales increased from 33 in April to 41 in May, reflecting a growing demand as buyers continue to seek available properties in the area.

Comparing year-over-year, total sales have risen from 37 in May 2025 to 41 in May 2026, highlighting a positive trend in buyer activity. However, the lack of available inventory remains a critical challenge, as active listings decreased from 79 in April to 71 in May. This trend indicates that while buyer interest is strong, the limited supply is constraining the market's overall growth potential.

Property Type Analysis

In May 2026, detached homes accounted for 26 of the total sales, while attached and townhouse properties contributed 15 sales. The detached market continues to dominate, reflecting the ongoing preference for single-family homes among buyers. The months of inventory for detached properties is notably low, further emphasizing the competitive nature of this segment.

On the other hand, the attached and townhouse market shows a slightly higher months of inventory at 3.4, indicating a more balanced supply-demand dynamic compared to detached homes. This could present opportunities for buyers looking for lower-maintenance living options, although the overall market remains competitive across all property types.

Regional Highlights

The Mira Mesa area, specifically zip code 92126, has shown notable activity with 26 closed sales of detached homes and a median price of $1,099,350. The inventory in this region is tight, with only 22 homes available, resulting in a months supply of just 1.1. The attached market in Mira Mesa also reflects a healthy demand, with 15 closed sales and a median price of $643,000, indicating a year-over-year increase of 3.7%. This regional data underscores the broader trends observed in the Greater San Diego market, where demand continues to outstrip supply.

For Buyers

For buyers navigating the current market, it is crucial to act quickly when a desirable property becomes available. With a low months of inventory and a high sales-to-new-listings ratio, buyers should be prepared to make competitive offers and consider getting pre-approved for financing to strengthen their position.

For Sellers

Sellers in the Greater San Diego area are in a favorable position, given the current market dynamics. With a strong demand and limited inventory, pricing homes competitively can lead to quicker sales and potentially multiple offers. Sellers should consider staging their homes and working with a knowledgeable REALTOR® to effectively market their properties.