San Diego Market Report (SDMLS) for May 2026: Composite Benchmark Price at $928,750

San Diego Market Report (SDMLS computed) — May 2026

In May 2026, the San Diego real estate market sees a composite benchmark price of $928,750, unchanged from the previous month. Total sales reach 778, reflecting a slight decrease from April's 813 transactions.

Market Analysis

The San Diego real estate market continues to exhibit strong seller conditions, with a significant seller's net listing ratio (SNLR) of 65.8%. This indicates that sellers are successfully closing sales, despite a slight decrease in total sales compared to April 2026. The market remains competitive, driven by a steady influx of new listings totaling 1,182 this month, which may help to balance the supply-demand dynamics as buyers navigate their options.

Year-over-year comparisons reveal a stable market, with the composite benchmark price showing a minor decrease from $932,000 in May 2025 to the current $928,750. This stability in pricing, combined with a robust sales volume, suggests that while the market is experiencing fluctuations, it remains resilient amidst changing economic conditions.

Property Type Analysis

In May 2026, the detached property segment leads the market with a benchmark price of $1,275,000 and 420 sales, indicating a strong demand for single-family homes. Attached and townhouse properties follow with a benchmark of $820,000 and 92 sales, while the apartment sector sees a benchmark price of $599,000 with 250 sales. The higher sales volume in the apartment category suggests a growing interest in more affordable housing options, reflecting shifting buyer preferences in the current market environment.

Regional Highlights

Regional trends indicate that the San Diego market is maintaining its appeal, with new listings contributing to a healthy inventory. The introduction of 1,182 new listings this month suggests that sellers are motivated to enter the market, likely in response to favorable conditions. This influx may provide buyers with more options, potentially easing some of the competitive pressures seen in previous months.

For Buyers

For prospective buyers, it is essential to act decisively in the current market. With a significant number of new listings available, buyers should take the opportunity to explore various options and be prepared to make competitive offers, especially in the detached and apartment segments where demand remains strong.

For Sellers

Sellers are encouraged to leverage the current seller's market by pricing their properties competitively and ensuring they are in optimal condition for showings. With a high SNLR and a solid number of new listings, presenting a well-maintained home can attract serious buyers and facilitate quicker sales.