If you've been following the headlines, you've probably asked yourself: Are San Diego home prices finally starting to drop?
The answer is a little more nuanced than a simple yes or no.
Every neighborhood, price range, and property type tells a different story, and understanding those local trends can help you make smarter buying or selling decisions.
In this June 2026 San Diego Real Estate Market Update, I'm breaking down the latest data and what it means for today's buyers and sellers.
While some home prices have softened compared to previous highs, the San Diego housing market remains competitive.
Well-priced homes in desirable neighborhoods are still attracting strong interest and, in many cases, receiving multiple offers. Meanwhile, overpriced homes or properties that aren't properly prepared are spending more time on the market.
This isn't a market that's collapsing—it's one that's becoming more balanced and strategic.
Not every segment of the market is moving the same way.
Detached single-family homes continue to experience strong demand in many areas, while condos and townhomes may offer buyers more choices and negotiating opportunities depending on the neighborhood and price point.
If you're deciding between a condo and a detached home, it's important to consider not only the purchase price but also monthly ownership costs and your long-term goals.
One of the biggest changes we've seen this year is an increase in available inventory.
More homes on the market means buyers have additional options and a little more time to make informed decisions. However, inventory remains relatively limited compared to historical norms, which continues to support home values in many parts of San Diego County.
The result is a healthier market where buyers can be more selective while sellers still have opportunities to succeed with the right strategy.
Today's buyers are looking beyond the listing price.
They're carefully evaluating:
Affordability has become one of the biggest drivers of buyer behavior, and homes that offer strong overall value are receiving the most attention.
One question I hear often is:
"Why did my neighbor's home sell immediately while another similar home is still on the market?"
The answer usually comes down to three key factors:
When these three elements work together, homes often perform much better—even in a shifting market.
In today's market, small mistakes can have significant consequences.
For buyers, waiting too long to make a decision on a well-priced home can mean missing out.
For sellers, overpricing based on outdated market conditions often leads to fewer showings, longer days on market, and eventual price reductions.
Understanding current market conditions—not last year's headlines—is essential for making confident real estate decisions.
As we move through the rest of Summer 2026, I expect the market to continue rewarding buyers and sellers who are well-prepared.
Buyers will likely continue focusing on affordability, value, and monthly costs, while sellers who price strategically and present their homes effectively should continue to see strong results.
Rather than experiencing dramatic swings, the San Diego market appears to be moving toward a more balanced environment where informed decisions matter more than ever.
You can watch the complete video below.
San Diego home prices are down, but homes are still selling. Well-priced listings are still getting attention, and buyers are still competing for the right homes. So no, this isn't a simple housing crash story. It's a strategic market. If you're buying or selling real estate in San Diego this summer, you need to understand the difference.
If this is your first time on the channel and you want to know everything there is to know about moving to or from San Diego, be sure to subscribe and click the notification bell so you can stay up to date on the latest San Diego real estate market.
My name is Victoria Sandoval with Select Premier Properties. We get calls every day from people just like you. Whether you're planning to move in 9 days or 9 months, feel free to reach out. My contact information is in the description below, and I'd be happy to help make your move to or from San Diego as smooth as possible.
I help buyers, sellers, relocation clients, luxury homeowners, and San Diego families make smart real estate decisions. Today we're covering the June 2026 San Diego Real Estate Market Update—but not the boring version. Instead of simply reading statistics, we're talking about what's actually happening in today's market, including home prices, inventory, mortgage rates, buyer behavior, seller mistakes, current trends, and what you need to know before buying or selling in San Diego.
The market isn't dead. It's simply become much more selective.
According to recent market data, the median sales price in San Diego over the three months ending in May 2026 was approximately $954,000, down about 3% year over year. However, homes were still selling in approximately 23 days, and the number of homes sold actually increased by more than 5% compared to last year.
What does this mean?
Prices have softened, but buyers haven't disappeared. This isn't a frozen market or a panic market—it's a selective market. Buyers are carefully evaluating price, condition, monthly payment, HOA fees, insurance costs, commute times, and whether a property truly fits their lifestyle.
Additional housing data shows San Diego's typical home value at approximately $1,007,800, down about 2.3% over the past year, with homes going pending in roughly 16 days.
The takeaway is simple: buyers still want to live in San Diego—they're just no longer willing to overpay for every property.
One of the biggest misconceptions about San Diego real estate is treating it as one market. It isn't.
Detached single-family homes and attached properties such as condos and townhomes are performing differently.
Current market reports show:
Detached Homes
Attached Homes (Condos & Townhomes)
Whenever someone asks, "How's the San Diego market?" the answer depends entirely on the property type and neighborhood.
A detached home in a high-demand community is very different from a downtown condo, a coastal luxury property, a Mission Valley townhome, or an entry-level condo.
Detached homes continue performing well largely because inventory remains tight.
Attached homes face more competition because buyers are carefully comparing HOA fees, maintenance costs, insurance, and overall affordability.
A lower purchase price doesn't always mean a lower monthly payment. A condo with a substantial HOA fee may actually cost more each month than a detached home with no HOA.
That's why monthly payment—not just purchase price—is what truly matters.
Inventory remains one of the most important trends in today's market.
Detached home inventory decreased approximately 24.7% year over year, with roughly 2,974 homes available.
Attached home inventory increased approximately 5.6%, with roughly 2,824 condos and townhomes available.
Months of inventory tells a similar story:
This means detached homes continue to favor sellers in many neighborhoods, while condo and townhome buyers generally have more options and, in some cases, greater negotiating power.
However, increased inventory doesn't mean buyers can make unrealistic offers.
Well-priced homes still sell quickly.
Properties that remain on the market typically suffer from one or more of the following:
If this market update is helpful, don't forget to like the video and subscribe for future San Diego real estate updates. If you'd like a neighborhood-specific market report, leave a comment below and let me know which area you'd like me to cover, whether it's Downtown San Diego, Chula Vista, Mission Hills, Point Loma, East County, Coastal San Diego, or another neighborhood.
Mortgage rates remain one of the biggest factors influencing today's housing market.
Current California mortgage rates are approximately:
National average 30-year mortgage rates remain around 6.68%.
Because of these higher borrowing costs, buyers aren't simply asking whether they like a home.
They're asking:
For sellers, this means buyers are evaluating total monthly ownership costs—not just list price.
Mortgage payments, property taxes, insurance, HOA fees, maintenance, and utilities all influence buying decisions.
If your property has deferred maintenance, high HOA fees, or unclear value, buyers are likely to hesitate.
Several important trends continue shaping today's market.
Buyers remain active, but they're no longer making emotional decisions like they did during the ultra-low interest rate environment.
Recent market data shows:
Well-priced homes continue performing well, while overpriced homes require adjustments.
Several San Diego County cities now have typical starter home prices exceeding $1 million.
Nearly half of San Diego County homes are now listed above the million-dollar mark.
As a result, buyers are expanding their searches into condos, East County, Chula Vista, attached housing, and other neighborhoods offering better value.
Today's buyers are carefully balancing affordability, lifestyle, commute times, and long-term financial goals.
Average San Diego rent is now approximately $2,987 per month, up roughly 1.3% year over year.
The rent-versus-buy conversation remains more important than ever.
There isn't one universal answer.
The right decision depends on your financial situation, long-term plans, monthly payment, and lifestyle goals.
If you're buying this summer, pay close attention to:
A beautiful kitchen is great—but a smart investment matters far more.
If you're selling your home, remember this:
Hope is not a pricing strategy.
Today's successful sellers focus on:
If you're selling a condo or townhome, buyers will almost certainly ask about:
Today's buyers are asking better questions, so sellers need better answers.
The bottom line is simple.
The San Diego housing market is not crashing.
It's also not an easy market, and it's certainly not one-size-fits-all.
Prices have softened in certain segments.
Detached homes continue holding their value better than attached properties in many areas.
Inventory varies dramatically depending on property type.
Mortgage rates continue influencing buyer decisions by making monthly payments more important than ever.
Most importantly, sellers who price their homes correctly and prepare them well are still achieving excellent results.
If you're thinking about buying, selling, relocating, downsizing, moving up, or simply wondering what your San Diego home is worth in today's market, I'd love to help.
My contact information is in the description below.
If you found this market update helpful, don't forget to like this video, subscribe to the channel, and share it with someone who wants a realistic look at today's San Diego real estate market.
I'm Victoria Sandoval with Select Premier Properties.
Thanks for watching, and I'll see you in the next video!
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