The spring selling season has arrived with full force in San Diego. Prices are climbing, inventory is shrinking, and buyers are finally coming off the sidelines. Whether you're thinking about buying or selling, here's everything you need to know about the market right now.
The National Picture
Are Buyers Finally Coming Back?
After months of hesitation, buyers across the country are making moves. The national median home sale price reached $429,300 in May — the highest since last summer — while existing home sales posted their strongest year-over-year gain in quite some time. Mortgage rates have settled at 6.37%, giving buyers slightly more breathing room than earlier in the year.
The San Diego Market
San Diego Prices Just Posted Their Strongest Year-Over-Year Gain in Months
Locally, the numbers are even more striking. The median single-family home in San Diego sold for $1,074,000 in April — a 5.81% year-over-year increase and the strongest gain we've seen in quite some time. Demand is clearly heating up heading into peak season.
Inventory Has Dipped Below Last Year's Levels
For the first time in over a year, San Diego inventory has dropped below where it was twelve months ago. There are currently around 5,487 active single-family home listings — a 3.13% year-over-year decrease. Supply that built up throughout 2025 has now been fully absorbed.
Homes Are Selling Faster
The median San Diego home is now selling in just 16 days — 11% faster than this time last year. That's a meaningful reversal from the slower pace we saw throughout most of 2025, and a clear signal that buyer competition is beginning to intensify.
San Diego Is Firmly in Seller's Market Territory
With only 2.7 months of supply on the market, San Diego sits comfortably in seller's market territory. If inventory continues to tighten and rates edge lower, bidding wars in the most desirable neighborhoods could make a comeback this summer.
The window for buyers to act before competition intensifies further may be narrowing. If you're thinking about making a move in South Bay — whether in Chula Vista, Eastlake, National City, or Imperial Beach — now is a good time to understand your options. Reach out to our team for a personalized consultation.
