If you are interested in what's happening in San Diego's real estate market today, take a look at the data outlined below. What I am seeing in the field absolutely lines up with what these numbers are showing. We have limited inventory, which is leading to price resilience, but we are also seeing longer days on market. Buyers are being very discerning and only writing offers on the very best homes that meet their criteria. They are patient and are willing to wait for just the right place. For more in-depth data, feel free to reach out with questions.
San Diego Housing Market February 2026
Greater San Diego Association of REALTORS® | Data current as of March 5, 2026
$900K
MEDIAN SALES PRICE
0.0% year-over-year
4,220
ACTIVE LISTINGS
▼ 15.4% year-over-year
40 days
AVG. DAYS ON MARKET
▲ 21.2% year-over-year
2.2 mo.
MONTHS SUPPLY
▼ 15.4% year-over-year
97.6%
LIST PRICE RECEIVED
▼ 1.2% year-over-year
MARKET SUMMARY
The San Diego housing market in February 2026 remains defined by a severe shortage of available homes. Total inventory fell 15.4% year-over-year to just 4,220 active listings, with single-family home supply dropping even more steeply at 19.1%. At current absorption rates, there is only 1.9 months of supply for single-family homes — well below the 5–6 months generally considered a balanced market — keeping prices stable despite softer demand. The overall median sales price held firm at $900,000, while single-family homes edged up 1.0% to $1,060,000, reflecting how constrained supply continues to put a floor under prices even as buyer activity moderates.
Buyer demand showed modest softening across the board. Pending sales dipped 1.0% over the trailing 12 months, and closed sales declined 2.5%. Sellers are receiving slightly less relative to their asking price — the average percent of original list price received slipped from 98.8% to 97.6% — signaling a subtle but real shift in negotiating leverage toward buyers. The $750,001–$1,000,000 price band remained the most active segment with 6,240 pending sales, while luxury homes priced above $5,000,001 actually saw the strongest percentage growth in pending sales, up 5.4%.
One of the more notable shifts in the market is the significant increase in time to sell. The average days on market jumped 21.2% year-over-year, rising from 33 to 40 days market-wide. This increase was felt across nearly every price range, with the $250,001–$500,000 bracket seeing the sharpest jump at +28.9%. Combined with tightening inventory and a modest pullback in list-price realization, this suggests the market is gradually cooling — but not collapsing — as higher mortgage rates weigh on affordability and buyers take more time before committing.
Source: Greater San Diego Association of REALTORS® / San Diego MLS | Report © 2026 ShowingTime Plus, LLC.