Greater San Diego Association of REALTORS® Market Report - June 2026

Greater San Diego Association of REALTORS® — June 2026

In June 2026, the Greater San Diego real estate market experienced a total of 22 sales, a decrease of 10% compared to June 2025. New listings rose to 47, contributing to a total of 63 active listings and a months of inventory (MOI) of 2.2.

Market Analysis

The San Diego real estate market continues to show signs of a seller's advantage, with a sales-to-new-listings ratio (SNLR) of 46.8%. Despite a decrease in total sales from 25 in May 2026 to 22 in June, the increase in new listings from 51 to 63 indicates a growing supply, which may help balance the market dynamics. The current MOI of 2.2 suggests that homes are still selling relatively quickly, although the year-over-year sales decline reflects a cautious buyer sentiment amid rising interest rates and economic uncertainties.

Property Type Analysis

In June, detached homes accounted for the majority of sales with 18 transactions, while attached properties, including townhouses, saw only 4 sales. The disparity in sales volume between these property types may indicate a stronger demand for larger living spaces, which is consistent with current trends favoring detached homes in suburban areas. The median price for detached homes in the 92131 zip code is reported at $1,767,500, reflecting an 8.3% increase year-over-year, while attached homes have seen a significant decline in median price by 16.7% to $716,950.

Regional Highlights

The Scripps Ranch area, represented by the 92131 zip code, has shown varied performance across property types. Detached homes have maintained strong demand with a high percentage of list price achieved at 99.7%, while attached homes have struggled, with a notable 55.6% decrease in closed sales year-over-year. This trend highlights the shifting preferences of buyers towards more spacious living arrangements, likely influenced by remote work trends and lifestyle changes.

For Buyers

Prospective buyers should remain vigilant in the current market, as the increase in new listings may present more opportunities for negotiation. With the current MOI of 2.2, buyers can take their time to evaluate options, but should be prepared to act quickly on desirable properties, especially detached homes that are still in high demand.

For Sellers

Sellers are encouraged to price their homes competitively, especially in the detached segment, where demand remains strong. With the current market conditions favoring sellers, ensuring homes are well-presented and marketed effectively can lead to favorable outcomes, including achieving close to list price.