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 surge in activity, with total sales reaching 7, a remarkable 150% increase from the same month last year. Active listings rose slightly to 16, while the months of inventory decreased to 1.5, indicating a strong seller's market.

Market Analysis

The current market conditions in Greater San Diego reflect a robust demand for homes, as evidenced by the 150% year-over-year increase in sales. With only 1.5 months of inventory available, the market is favoring sellers, creating competitive conditions for buyers. The sales-to-new-listings ratio (SNLR) stands at an impressive 175%, suggesting that homes are selling quickly relative to the number of new listings entering the market. This dynamic is likely to continue as buyers compete for limited options.

Property Type Analysis

In May, detached homes accounted for the majority of sales, with 5 transactions recorded, while attached homes and townhouses contributed 2 sales. The median price for detached homes was reported at $760,000, reflecting a year-over-year increase of 28.3%. In contrast, attached homes had a median price of $419,950, with a higher percentage of list price achieved at 101.3%. This indicates a strong demand across both property types, although detached homes are commanding higher prices.

Regional Highlights

The San Ysidro area, specifically zip code 92173, has shown notable activity with 5 closed sales of detached homes and 2 sales of attached properties. The inventory for detached homes stands at 4, with a months supply of 1.5, while attached homes have a higher inventory of 12, resulting in a months supply of 4.8. This disparity highlights the varying demand dynamics within different property types in the region.

For Buyers

Prospective buyers should act swiftly in the current market, as the low inventory levels mean that desirable properties are selling quickly. It is advisable for buyers to be pre-approved for financing and to have a clear understanding of their budget to make competitive offers when suitable homes become available.

For Sellers

Sellers are in a favorable position in the current market, with strong demand driving sales. To maximize their return, sellers should consider pricing their homes competitively and ensuring they are in good condition to attract buyers quickly. Engaging a knowledgeable REALTOR® can help navigate the selling process effectively and capitalize on current market conditions.