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 continued strength with a total of 69 sales, reflecting a 9.1% increase from the previous year. New listings rose to 83, contributing to a current inventory of 138 homes, resulting in a months of inventory (MOI) of 2.3.

Market Analysis

The San Diego housing market remains firmly in favor of sellers, characterized by a strong sales-to-new-listings ratio (SNLR) of 83.1%. This indicates that homes are selling quickly, with demand outpacing supply. The increase in total sales from 66 in April to 69 in May suggests a robust market activity, while the MOI has slightly increased from 1.8 to 2.3, indicating a tightening inventory situation compared to the previous month. Year-over-year, the market has shown resilience, with sales up by 9.1% compared to May 2025.

Property Type Analysis

In May, detached homes accounted for 36 sales, while attached homes, including townhouses, saw 33 sales. The detached market continues to be a strong segment, reflecting a steady demand, while the attached market has also shown significant activity. The median price for detached homes is reported at $1,299,500, with a competitive list-to-sale price ratio of 99.4%, indicating that sellers are achieving close to their asking prices. Conversely, the attached market's median price stands at $685,000, with a slightly lower list-to-sale price ratio of 95.8%, suggesting a more negotiable environment for buyers in this segment.

Regional Highlights

The Rancho Bernardo East area (zip code 92128) is particularly noteworthy, with 44 new listings and 36 closed sales, reflecting a healthy turnover in the detached market. The inventory in this region is at 63 homes, resulting in a MOI of 2.3, which is consistent with the overall market trend of limited supply. The attached market in the same area has also seen robust activity, with 39 new listings and 33 closed sales, although the median price has decreased by 6.7% year-over-year, indicating potential opportunities for buyers.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, as inventory remains limited and homes are selling quickly. With a competitive SNLR of 83.1%, buyers should be prepared to make strong offers to secure properties, particularly in desirable neighborhoods. Conducting thorough research and being pre-approved for financing can enhance a buyer's position in negotiations.

For Sellers

Sellers in the Greater San Diego area are in a favorable position, given the current market dynamics. With a strong demand reflected in the sales figures and a low MOI, sellers should consider pricing their homes competitively to attract multiple offers. Additionally, staging and marketing properties effectively can further enhance visibility and appeal, leading to quicker sales at or above asking prices.