San Diego Real Estate Update: Spring Inventory Surge Meets Buyer Hesitation
San Diego Real Estate Update: Spring Inventory Surge Meets Buyer Hesitation
San Diego County Market Update: Week Ending March 29, 2026
Inventory is finally arriving in the San Diego condo market with new listings up 22 percent over last year.
A clear view of the San Diego County housing landscape as inventory rises while buyers weigh economic factors.
The San Diego housing market is currently performing a high speed balancing act. While general headlines often focus on the volatility of prices from week to week, our consultant style approach focuses on the leading indicators. We look at what is coming on the market and what is actually going under contract to give you a clear picture of where the local market is heading. Momentum is shifting as we see a surge in available inventory, particularly in the attached sector, providing more choices than we have seen in recent months.
🏠 Detached Homes in San Diego County
Data for San Diego County DETACHED homes for the week ending March 29, 2026. Source: SDMLS | Analysis by Matt O'Brien, Realtor.
Pricing Analysis
When we look at the total pending inventory, the median price sits at $1,149,000. These pending prices represent the last active list price before a contract was signed, providing a real time look at market expectations. For a broader perspective on closed value, the 4 week rolling average price is currently $1,111,000. This represents a 3.7 percent adjustment compared to the previous month, showing that the market is leveling as more inventory becomes available.
Velocity Analysis
The speed of the detached market remains quick but is starting to show signs of the wait and see sentiment. This week, we saw 372 new listings enter the market, and 105 homes were absorbed into the pending category in under 14 days. This means approximately 39 percent of all new inventory is being snapped up almost immediately. The Median Days on Market is currently 17 days, and with 10 weeks of inventory available, single family homes remain a competitive segment for buyers.
🏢 Attached Homes in San Diego County
Data for San Diego County ATTACHED homes for the week ending March 29, 2026. Source: SDMLS | Analysis by Matt O'Brien, Realtor.
Pricing Analysis
The attached market is seeing a unique trend as inventory levels spike. The median pending price for condos and townhomes is $689,000. Meanwhile, the 4 week rolling average for sold prices hit $663,250, which is an increase of 3.7 percent compared to the same time last year. This demonstrates that while more inventory is hitting the market, the underlying demand for entry level housing continues to support price growth.
Velocity Analysis
In the attached segment, we saw a massive surge of 262 new listings this week, a 22 percent increase over last year. Of the homes that went under contract, 35 were absorbed within the first 14 days. This accounts for 24 percent of the activity, a noticeable dip from the 34 percent velocity we saw last week. This slowdown in speed combined with the 15.5 weeks of inventory gives buyers in this sector a significant advantage in choice and time to make decisions.
💡 What this means for you:
- 🛒 Buyers: This is a primary window of opportunity, especially in the attached market. With inventory up 22 percent over last year, you have more leverage to negotiate on repairs or closing costs. The broader economic unknowns are keeping some competition on the sidelines, creating a window for negotiation that has been missing for some time.
- 💰 Sellers: Your initial list price is more critical than ever. The data shows that while 39 percent of detached homes are gone in under 14 days, those that sit longer lose negotiating power. With rates trending over 6.5 percent, if you do not capture a buyer in that timeframe, the market is likely telling you to adjust your pricing strategy.
- 🪺 Homeowners: Your home equity continues to be protected by a supply and demand imbalance. Even with more inventory than last year, we are not seeing a major market correction. Instead, the market is stabilizing at a high level, and your home remains a high value asset in one of the most resilient real estate markets in the country.
- 📊 Investors: The surge in attached inventory is a key indicator for rental acquisitions. As velocity slows and more units hit the market, there are opportunities to secure long term assets with much less competition than we see in the single family sector. With sold prices still trending up 3.7 percent year over year, the long term appreciation play remains strong.
📞 Ready to Navigate the Spring Surge?
The San Diego market is in a choppy but active phase. Whether you are looking to capitalize on the 22 percent inventory surge in the condo market or trying to secure a detached home in the first 14 days, I am here to provide the data driven guidance you need to win. Reach out to me directly to navigate the noise and make a plan that works for your unique goals. Let us start the conversation today.
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