Greater San Diego Association of REALTORS® Market Report – July 2026

Greater San Diego Association of REALTORS® — July 2026

In July 2026, the Greater San Diego real estate market continues to show strength with a total of 37 sales, reflecting an 8.0% increase compared to July 2025. The months of inventory stands at 1.6, indicating a seller's market as demand outpaces supply.

Market Analysis

The Greater San Diego real estate market is characterized by a robust demand, evidenced by the 37 total sales recorded in July 2026, up from 30 sales in July 2025. With only 64 active listings available, the months of inventory remains low at 1.6, suggesting that homes are selling quickly. The strong sales performance, despite a slight decrease in total sales from June 2026, indicates that buyers are actively seeking properties, which keeps upward pressure on prices in the current market environment.

Property Type Analysis

In July, detached homes accounted for the majority of sales with 27 transactions, while attached homes, including townhouses, saw 10 sales. The detached market remains competitive, with a significant number of new listings at 33, and a healthy absorption rate as evidenced by the 27 closed sales. In contrast, the attached market has shown a notable year-over-year increase in closed sales by 66.7%, indicating growing interest in these property types, particularly among first-time buyers and those seeking lower maintenance options.

Regional Highlights

The 92129 area, which includes Penasquitos, continues to demonstrate a dynamic real estate landscape. The detached homes in this region have a median price of $1,415,000, with a high percentage of listings closing at 98.2% of their asking price. Meanwhile, attached homes in the same area have a median price of $841,693, reflecting a year-over-year increase of 27.5%. This disparity highlights the differing demand levels and buyer preferences across property types in the region.

For Buyers

Prospective buyers should act swiftly in the current market, as the low months of inventory indicate that homes are selling quickly. It is advisable to be prepared with financing and to have a clear understanding of their budget, as competitive offers may be necessary to secure a desired property.

For Sellers

Sellers are in a favorable position in this market, with high demand and a low supply of homes. To maximize their selling price, it is essential for sellers to present their homes well and consider pricing strategies that reflect current market trends, as homes are closing at a high percentage of their listing prices.