San Diego Market Report (SDMLS) - April 2026: Sales Drop 63.5% Year-Over-Year Amid Balanced Market

San Diego Market Report (SDMLS computed) — April 2026

In April 2026, the San Diego real estate market reports a composite benchmark price of $920,000, reflecting a 2.9% increase from the previous year. Total sales have sharply declined to 109, a significant drop of 63.5% compared to April 2025.

Market Analysis

The San Diego real estate market is currently characterized as balanced, with a composite benchmark price of $920,000. Despite the increase in benchmark price year-over-year, the total sales volume has plummeted, indicating a significant shift in market dynamics. The total sales of 109 in April 2026 starkly contrast with the 536 sales recorded in March 2026, highlighting a seasonal decline and potential buyer hesitance in the current economic climate.

New listings surged to 1,348 in April 2026, suggesting that sellers are responding to market conditions by bringing more properties to market. However, the substantial year-over-year decrease in sales indicates that demand is not keeping pace with supply, leading to a potential oversupply situation if this trend continues. The market's balance suggests that while prices are stable, the volume of transactions is heavily impacted by external economic factors and buyer sentiment.

Property Type Analysis

In terms of property types, detached homes continue to dominate the market with a benchmark price of $1,194,249 and 69 sales in April 2026. Attached homes and townhouses, with a benchmark price of $775,888, saw only 11 sales, indicating a significant disparity in demand across different property types. Apartments, priced at a benchmark of $570,000, accounted for 29 sales, suggesting that more affordable housing options are still attracting buyers despite the overall decline in sales volume.

Regional Highlights

Regionally, the San Diego market exhibits varied trends, with certain neighborhoods experiencing more resilience than others. Areas with lower benchmark prices are seeing slightly better sales performance, as buyers seek affordability amid rising interest rates and economic uncertainty. The influx of new listings may also create opportunities for buyers in specific regions, particularly those looking for detached homes, which remain the most sought-after property type.

For Buyers

For prospective buyers, this may be an opportune time to enter the market, especially with a balanced market and an increase in new listings. Buyers should consider exploring various neighborhoods and property types, as the current conditions may provide leverage in negotiations. It is advisable to conduct thorough market research and work with a knowledgeable real estate agent to identify the best opportunities.

For Sellers

Sellers should remain cautious in the current market environment, as the significant drop in sales could impact their ability to achieve desired prices. It is essential to price properties competitively and consider the timing of listing to attract potential buyers. Engaging with a real estate professional can provide valuable insights into market trends and help sellers position their properties effectively.