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 continues to show strong demand, with total sales increasing by 25% year-over-year to 15 transactions. The active listings stand at 20, reflecting a tight supply with only 1.2 months of inventory available.

Market Analysis

The current market conditions indicate a seller's advantage, driven by a significant sales-to-new-listings ratio of 83.3%. With only 20 active listings and 18 new listings in May, the market remains competitive, suggesting that buyers are facing challenges in finding available properties. Compared to April 2026, total sales have decreased slightly from 18, but the year-over-year growth highlights ongoing demand despite a slight dip in activity month-over-month.

Property Type Analysis

In May, detached properties accounted for two-thirds of total sales, with 10 transactions, while attached/townhouse properties contributed 5 sales. The detached market remains robust, reflecting a strong preference among buyers for single-family homes, while attached properties are also experiencing healthy demand, evidenced by their higher sales-to-list ratio of 99%. This trend indicates that both property types are appealing to buyers, although detached homes dominate the market share.

Regional Highlights

The Paradise Hills area (zip code 92139) shows notable activity, with 12 new listings and 10 closed sales in the detached category. The median price for detached homes in this region is $745,000, which is slightly down by 2% year-over-year. The attached market in the same area is performing well, with a median price of $570,000 and a remarkable 150% increase in closed sales year-over-year, indicating a growing interest in this segment.

For Buyers

Prospective buyers are encouraged to act swiftly in the current market, given the low inventory levels and high demand. It is advisable to be prepared with pre-approval for financing and to consider making competitive offers, as properties are likely to receive multiple bids.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in good condition to attract buyers quickly. With the sales-to-new-listings ratio indicating strong demand, sellers can expect favorable outcomes if they list their properties now.