Greater San Diego REALTORS®: April 2026 Market Sees Sales Dip Amidst Persistent Seller's Conditions

Greater San Diego Association of REALTORS® — April 2026

The Greater San Diego housing market recorded 36 total sales in April 2026, marking a 14.3% decrease compared to April 2025. Despite the decline in transactions, the market maintains a seller's condition with 1.4 months of inventory, according to figures released by the Greater San Diego Association of REALTORS®.

Market Analysis

The Greater San Diego market continues to favor sellers in April 2026, with a tight 1.4 months of inventory, a figure consistent with both March 2026 and April 2025. Total sales for the month reached 36, an increase from the 29 sales reported in March 2026, yet a notable decrease of 14.3% when compared to April 2025. The sales-to-new-listings ratio (SNLR) stands at 69.2%, indicating strong buyer demand relative to the influx of new properties.

New listings in April 2026 totaled 52, contributing to 62 active listings by month-end. This represents a slight increase in active listings from 57 in March 2026 and 58 in April 2025, suggesting a modest replenishment of available homes. However, the overall inventory levels remain constrained, reinforcing the competitive environment for prospective buyers.

Property Type Analysis

In April 2026, detached homes accounted for 24 of the total sales, while attached/townhouse properties recorded 12 sales. This distribution highlights the continued prevalence of detached home transactions within the Greater San Diego market.

Regional Highlights

Focusing on the 92129 Penasquitos area, detached homes in April 2026 reported a median price of $1,526,500, with properties selling at an average of 101% of their list price after 19 days on market. This segment experienced a 14.3% year-over-year decline in closed sales and a 4% year-over-year decrease in median price, with 1.4 months of supply.

Attached homes in the 92129 Penasquitos area saw a median price of $626,000, selling at 100.1% of list price over 41 days. While closed sales for attached properties in this region increased by 20% year-over-year, the median price for these homes declined by 6.6% year-over-year, with 3.8 months of supply.

For Buyers

Buyers in the Greater San Diego market face a competitive landscape characterized by limited inventory and properties often selling at or above list price. Prospective buyers should secure pre-approval, be prepared to act swiftly, and work closely with their REALTOR® to identify opportunities and craft compelling offers.

For Sellers

Sellers continue to benefit from favorable market conditions, with a low months of inventory and properties attracting strong buyer interest. To maximize outcomes, sellers should focus on professional staging and strategic pricing, leveraging their REALTOR®'s expertise to navigate offers and achieve optimal sale terms.