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 total sales reaching 25, a 40% increase from May 2025. Active listings stand at 51, indicating a competitive environment for sellers, as months of inventory is at a low 1.6.

Market Analysis

The San Diego real estate market remains firmly in favor of sellers, characterized by a significant drop in inventory and a robust sales pace. With only 51 active listings available, the months of inventory is at 1.6, which is indicative of a strong demand relative to supply. Compared to last year, the total sales have increased from 23 to 25, demonstrating a healthy year-over-year growth of 40%. This trend suggests that buyers are actively seeking properties despite the limited options available.

Property Type Analysis

In May, detached homes dominate sales with 21 transactions, while attached homes, including townhouses, account for 4 sales. The detached market remains particularly competitive, evidenced by a median price of $1,805,000 and a closed sale percentage of 98.3% of the list price. In contrast, the attached market shows signs of cooling, with a median price of $685,000 and a year-over-year decline in closed sales by 50%. This disparity highlights the varying dynamics within different property types, with detached homes continuing to attract strong buyer interest.

Regional Highlights

The Scripps Ranch area, specifically ZIP code 92131, reflects these trends with 27 new listings and 21 closed sales in May. The median price for detached homes in this region is $1,805,000, marking a 7.4% increase year-over-year. Meanwhile, the attached market in the same area has seen a median price decrease of 7.1%, indicating a shift in buyer preferences and market conditions.

For Buyers

Prospective buyers are advised to act swiftly in the current market, as the low inventory levels mean that desirable properties are selling quickly. Buyers should be prepared to make competitive offers and consider being flexible with their terms to enhance their chances of securing a home.

For Sellers

Sellers are in a favorable position, given the current market dynamics. With a strong sales pace and limited competition, homeowners looking to sell should consider pricing their properties strategically to attract multiple offers, potentially driving up the final sale price.