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 shows signs of stability with a total of 34 sales, unchanged from April. Active listings increased slightly to 108, resulting in a months of inventory of 3.5, indicating a seller's market.

Market Analysis

The San Diego real estate market remains competitive, with a sales-to-new-listings ratio (SNLR) of 53.1%, suggesting that sellers are still in a favorable position. Despite a year-over-year sales decline of 8.0%, the consistent number of total sales indicates a steady demand amidst fluctuating inventory levels. The months of inventory has increased from 3.1 in April to 3.5 in May, reflecting a slight easing in the pace of sales but still favoring sellers.

Property Type Analysis

In May, detached homes accounted for 23 of the total sales, while attached homes, including townhouses, contributed 11 sales. The market for detached properties remains robust, although the year-over-year sales for both property types have shown varying trends, with attached homes experiencing a notable increase in closed sales compared to the previous year, indicating a shift in buyer preferences.

Regional Highlights

Focusing on the 92127 zip code, the Rancho Bernardo West area reported 23 closed sales of detached homes, with a median price of $1,895,000, reflecting a 7.6% decrease year-over-year. Conversely, attached homes in the same region saw a 22.2% increase in closed sales, with a median price of $770,000, suggesting a growing interest in more affordable housing options.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as the inventory remains limited. With 64 new listings introduced in May, buyers should be prepared to make competitive offers, especially on desirable properties that may receive multiple bids.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in excellent condition. With a favorable SNLR and a stable number of sales, well-presented homes are likely to attract serious buyers quickly.