The San Diego housing market softened slightly in July, although most month-over-month changes were small. Median prices were flat to slightly lower, sellers received a little less of their original asking price, and inventory, sales activity, and market times changed very little from June. Altos Research also shows the market moving somewhat closer to balanced. Its Market Action Index for single-family homes has declined from 46 in May to 43, while the index for condos has fallen from 38 to 35. Altos still classifies both as having a slight seller’s advantage.
The year-over-year comparison looks somewhat stronger. New listings are down significantly, months of inventory are lower, and closed sales are higher than they were a year ago. Median prices are slightly higher countywide and slightly lower in North County, while sellers are receiving a somewhat larger percentage of their original asking price. The lower level of inventory appears to be helping keep prices relatively stable even as the market shows some signs of softening from spring.
July’s slight softening may reflect the market beginning to ease after the usually stronger May-to-July period, while higher mortgage rates may also be affecting buyer demand. The labor market remains another factor to watch during the second half of the year, as discussed in my recent San Diego Housing Market: 2026 Mid-Year Update. For now, July’s numbers point to buyers having a little more negotiating room rather than a major change in market conditions.
Below are answers to some of the most common questions about current market conditions.
San Diego Housing Market FAQs
Are home prices rising in San Diego County?
It depends on the comparison. Year over year, the countywide median price rose 3.3 percent while the North County median declined 2.0 percent. Compared with June, prices were essentially flat, with no change in North County and a $10,000 decline countywide.
What is happening with inventory?
Inventory changed very little from June, with 3.1 months of supply countywide and 2.8 months in North County. Countywide supply remains below last year’s level, helping support prices even as the market softens slightly.
Are homes taking longer to sell?
Not significantly. Countywide, average market time increased by one day from June to 37 days, but was one day shorter than a year ago. North County market time was unchanged both month over month and year over year.
Are sales increasing?
Sales declined slightly from June, but remain higher than a year ago. Closed sales increased 6.0 percent year over year countywide and 15.3 percent in North County.
Is this still a seller’s market?
Altos Research still shows a slight seller’s advantage, although its Market Action Index has been moving closer to buyer’s-market territory. Conditions vary by price range, neighborhood and property type, so individual micro-markets may favor buyers or sellers more than the broader numbers suggest.
Looking for more detail or wondering what your home is worth in today’s market? Request a free home valuation.
Interest Rates
Below are current mortgage rate averages and recent changes, updated regularly.
Market Updates
Click on the links below to read the San Diego real estate market reports.
- NORTH COUNTY MONTHLY INDICATORS
- METRO SAN DIEGO COUNTY MARKET UPDATE
- EAST SAN DIEGO COUNTY MARKET UPDATE
- SOUTH SAN DIEGO COUNTY MARKET UPDATE
- SAN DIEGO COUNTY MONTHLY INDICATORS
- 2025 SAN DIEGO COUNTY MARKET REPORT
North County Housing Summary
Here’s how the North County market performed compared to last year.
- Median home prices decreased 2.0 percent.
- Detached home prices increased 0.2 percent, from $1,230,000 to $1,232,500.
- Sold units increased 15.3 percent. Pending sales dropped 3.5 percent.
- Median days on market was 32 which was not a change from last year.
- Months of inventory decreased from 4.7 months to 2.8 months.
San Diego County Housing Summary
Here are the numbers for San Diego County.
- Median prices rose 3.3 percent, from $910,000 to $940,000.
- Detached home prices increased 4.6 percent to $1,150,000.
- Attached home prices increased 1.4 percent to $659,000.
- Months of inventory dropped from 3.7 months to 3.1 months.