San Diego Market Report (SDMLS) - March 2026: Sales Surge 103% Amid Price Adjustments

San Diego Market Report (SDMLS computed) — March 2026

In March 2026, the San Diego real estate market sees a significant increase in sales, totaling 536 transactions, a remarkable 103% rise year-over-year. The composite benchmark price holds steady at $902,500, reflecting a slight decline of 2.4% compared to March 2025.

Market Analysis

The San Diego housing market is currently in a balanced condition, characterized by a healthy equilibrium between supply and demand. With 1,323 new listings introduced this month, the market is responding to the heightened demand, which has resulted in a substantial increase in total sales compared to the previous year. Despite this surge in activity, the composite benchmark price remains relatively stable, indicating that buyers are exercising caution in their purchasing decisions amidst slight price adjustments.

Property Type Analysis

When examining property types, detached homes lead the market with a benchmark price of $1,188,000 and 280 sales, demonstrating their continued appeal among buyers. In contrast, attached/townhouse properties and apartments show lower sales figures, with 53 and 199 transactions respectively, and benchmark prices of $825,000 and $604,000, highlighting a varied demand across different segments of the market.

Regional Highlights

Regionally, the San Diego market reflects diverse trends, with certain neighborhoods experiencing faster sales and price adjustments than others. The overall increase in sales suggests a robust recovery from previous market fluctuations, with buyers actively seeking opportunities in various property types and locations throughout the region.

For Buyers

For prospective buyers, this month presents a favorable opportunity to enter the market, especially with the increase in new listings. Buyers are encouraged to conduct thorough research and consider various property types, as the current balanced market may provide room for negotiation on prices.

For Sellers

Sellers should be aware of the competitive landscape as new listings increase. To attract buyers, it is advisable to price homes competitively and ensure properties are well-presented, as the current market conditions favor those who can effectively showcase their homes amidst a growing inventory.