A market still tilted toward sellers — with room opening up for buyers.
Prices held firm and buyer demand picked up across San Diego County, yet the story splits cleanly by property type: detached homes stayed scarce and competitive while condos and townhomes drifted toward balance.
Median Sale Price
Pending Sales
Months of Supply
Days on Market
Demand strengthened into the spring selling season
Across all property types, the countywide median sale price reached $925,000 in May, up 1.3% from a year earlier. Buyer activity is the bigger story: pending sales rose 6.2% year-over-year to 2,193, a leading indicator that points to a busy summer. Closed sales held essentially flat (+0.1%), and sellers received about 98.6% of their original asking price on average.
Supply stays tight. With roughly a 3.0-month supply of homes—down 14% from last year and well under the 4–6 months that typically signals a balanced market—sellers continue to face limited direct competition. For context, the national market sat at a looser 4.4-month supply in May, with the U.S. median existing-home price at $417,700 (+0.9% YoY), per the National Association of REALTORS®.
Where you stand depends on what you’re buying or selling
The single most useful thing to understand this month is the gap between the two halves of the market. They are moving in different directions.
Detached Homes
Seller’s marketSingle-family houses remain scarce and quick to sell. Prices are holding at the top of their range.
- Median price
- $1,099,500
- Price YoY
- 0.0%
- Months supply
- 2.4
- Avg. days on market
- 29
- % of list received
- 99.0%
- Inventory YoY
- −24.7%
Condos & Townhomes
Near balancedAttached homes have more listings, softer pricing, and longer market times—more breathing room for buyers.
- Median price
- $675,000
- Price YoY
- −1.5%
- Months supply
- 4.0
- Avg. days on market
- 40
- % of list received
- 97.9%
- Inventory YoY
- +5.6%
May 2026 at a glance
| Metric | All Properties | Detached | Attached |
|---|---|---|---|
| Median Sale Price | $925,000+1.3% | $1,099,5000.0% | $675,000−1.5% |
| Average Sale Price | $1,213,926−0.3% | $1,435,087+0.9% | $819,879−1.4% |
| Closed Sales | 2,044+0.1% | 1,308−1.9% | 736+4.0% |
| Pending Sales | 2,193+6.2% | 1,437+5.0% | 756+8.6% |
| New Listings | 3,170−15.9% | 1,818−23.1% | 1,352−3.9% |
| Inventory of Homes | 5,798−12.4% | 2,974−24.7% | 2,824+5.6% |
| Months of Supply | 3.0−14.3% | 2.4−25.0% | 4.00.0% |
| Days on Market | 330.0% | 29−3.3% | 40+5.3% |
| % of Orig. List Received | 98.6%+0.2% | 99.0%+0.3% | 97.9%0.0% |
Figures are for May 2026 with year-over-year change. Source: San Diego MLS (ShowingTime Plus), current as of June 5, 2026.
Rates are easing the affordability squeeze—slowly
Mortgage rates have drifted lower over the past year, which helped lift the county’s affordability index. California’s 30-year fixed is averaging in the mid-6% range, down from roughly 6.77% a year ago. Most forecasters expect rates to hold in the low-to-mid 6% range through the rest of 2026, with the Federal Reserve in a wait-and-see stance.
30-Year Fixed · CA
Down from ~6.77% a year ago
15-Year Fixed · CA
Popular for faster equity buildup
2026 Outlook
Consensus forecast through year-end
Rate averages as of late June 2026 (Bankrate, Zillow, Freddie Mac). Your rate depends on credit, down payment, and loan type. San Diego’s 2026 conforming loan limit is $1,104,000.
Opportunities on both sides of the table
If you’re buying
Where the leverage is
- Condos & townhomes are your sweet spot. Attached inventory is up 5.6% with a 4.0-month supply and prices easing—the best negotiating window in the county right now.
- Rates beat last year. At about 6.45%, the 30-year fixed sits below last year’s ~6.77%, and you can refinance later if rates fall further.
- You have time to be deliberate. A 33-day average market time means room to tour, inspect, and make a considered offer instead of rushing.
- More selection is coming. Listings build through summer, widening your choices—especially in the attached segment.
If you’re selling
Where the demand is
- Buyers are stepping up. Pending sales jumped 6.2% year-over-year, so a well-priced, well-presented home is finding committed buyers.
- Detached homes hold the edge. A tight 2.4-month supply, a stable $1,099,500 median, and sales at 99% of original list price keep leverage with sellers.
- Competition is thin. Just a 3.0-month countywide supply—down 14% from last year—means fewer rival listings vying for the same buyers.
- Pricing still matters. Homes that sell move quickly; realistic, market-aligned pricing is what separates a fast sale from a stale listing.