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 experienced a significant decline in sales, with a total of 28 transactions, down 45% from the previous year. The active listings increased to 90, indicating a shift towards a seller's market with a months of inventory of 1.7.

Market Analysis

The San Diego real estate market continues to show signs of volatility as total sales dropped sharply compared to last year. With only 28 sales recorded in May 2026, the market reflects a stark contrast to the 39 sales in April 2026. The increase in active listings to 90 suggests that sellers are responding to the current market conditions, although the sales numbers indicate that buyer demand remains subdued. The months of inventory has slightly increased from 1.4 in April to 1.7 in May, indicating a modest shift towards a more balanced market, yet still favoring sellers.

Property Type Analysis

When examining property types, the detached homes segment saw 11 sales, while attached homes and townhouses accounted for 17 sales. The attached market appears more robust, with a higher number of transactions despite a median price of $640,000, which is slightly down by 6.2% year-over-year. In contrast, the detached market, while fewer in sales, maintains a higher median price of $855,000, reflecting the ongoing demand for single-family homes in desirable neighborhoods.

Regional Highlights

Focusing on the 92154 zip code, the area reported 27 new listings and 20 pending sales, demonstrating a healthy level of activity despite the overall market slowdown. The median price for detached homes in this region is $855,000, with properties selling at 98.1% of their list price, indicating that well-priced homes are still attracting buyers. Conversely, the attached segment in the same region shows a median price of $640,000, with closed sales rising by 70% year-over-year, highlighting a strong demand for this property type.

For Buyers

For potential buyers, it is crucial to remain vigilant and prepared to act quickly, as well-priced properties are still selling efficiently in the current market. Buyers should consider getting pre-approved for financing to enhance their purchasing power and be ready to make competitive offers in a market that favors sellers.

For Sellers

Sellers should take advantage of the current market conditions by pricing their homes competitively and ensuring they are in optimal condition for showings. With a low months of inventory at 1.7, sellers can benefit from the heightened demand, but they should also be mindful of market trends and buyer expectations to maximize their sale potential.