SUPPLY SURGES WHILE BUYERS TAKE A BREATH: SAN DIEGO HOUSING MARKET UPDATE 📊

TL;DR

Inventory across San Diego surged again this week, with detached homes up 74% and attached homes up 109% compared to last year. New listings jumped sharply, but pending sales softened — giving buyers more breathing room and leverage. Pricing showed mixed signals, with detached home values softening while condos held firm. The market is clearly rebalancing, offering opportunities on both sides of the table.

🏠 DETACHED HOMES

Detached Summary:

The detached home market continued to flood with new supply this week. Listings jumped 33% from the week prior and are now sitting 21% above the 4-week average. Despite the surge in available homes, buyer activity has slowed. Pending sales dipped 11% week-over-week and are down 18% compared to this time last year. Active inventory now sits at 3,152 homes — a 74% increase year-over-year — and weeks of inventory have nearly doubled. Prices are softening slightly, with the median sold price down 1.1% from last week and 3.3% below last year’s levels. While the market isn’t falling off a cliff, it’s clearly shifting in favor of buyers.

🏢 ATTACHED HOMES (CONDOS & TOWNHOMES)

Attached Summary:

The condo and townhome segment held up well this week, even with a steady rise in supply. New listings rose 16% week-over-week, and active inventory more than doubled year-over-year — up 109%. Despite that, buyer demand remained relatively stable. Pending sales rose slightly, and closed sales improved both weekly and over the 4-week average. Prices strengthened too: median sold price jumped nearly 8% from last week and sits 3% higher than this time last year. Price per square foot rose by more than 5%, showing that well-presented homes are still commanding strong offers. Even with more options on the market, this segment remains competitive for the right properties.

🧠 What This Means for You

If you’re a buyer:
You’re officially getting more room to breathe. With detached inventory up 74% and condo supply up 109% from a year ago, you finally have more choices — and potentially less competition. Pending sales are slowing, giving you time to shop strategically. But don’t wait too long… well-priced homes are still moving quickly.

If you’re a seller:
This is no longer a list-it-and-it’s-gone market. Homes are taking longer to sell and buyers are being more selective. Pricing it right from the start — and making sure your home shows well — is the key to standing out. The good news? Attached home prices are holding strong, showing there’s still plenty of demand in the right pockets.

If you’re a homeowner:
This market shift isn’t a crash — it’s a reset. Detached prices have softened slightly, but condos have appreciated. That balance points to a healthier, more sustainable market environment. If you’re considering a move, this could be the perfect time to plan your next step while options are abundant.

🔍 Pro Tip of the Week

In a higher-inventory market, small improvements can make a big difference. Minor updates like fresh paint, lighting, and staging can dramatically impact how your home is perceived. If you’re not sure where to start, I’d be happy to walk you through cost-effective ways to boost your home’s appeal.