San Diego Housing Market

Homebuyers stayed active in June, helping push San Diego home prices to a new record. The region also tied Los Angeles as the third most-expensive major housing market in the U.S., showing continued demand despite affordability pressures.

San Diego's housing market gained momentum in June as buyers continued to make purchases despite high borrowing costs and elevated home prices.

Home sales rose 11.5% from a year earlier to nearly 2,250 transactions. That matched the highest monthly sales total seen over the past 12 months. It was also the largest year-over-year increase in sales since 2024, placing San Diego among the nation's top 10 housing markets for sales growth in June.

Many buyers turned to the suburbs. Fallbrook, Rancho Bernardo, Carmel Valley, and Mira Mesa were among the neighborhoods with the most home sales during the month.

Mortgage rates remain high, and inflation is still pressuring budgets. Even so, many San Diego buyers kept shopping for homes. The latest figures suggest many residents are still eager to achieve homeownership despite ongoing affordability challenges.

The number of homes available for sale changed little compared with a year ago, leaving buyers with limited options.

Among the nation's largest housing markets, San Diego ranked outside the top 30 for inventory. It joined several other California metros, including San Francisco, San Jose, and Sacramento, where the supply of homes remains relatively constrained.

The shortage was most noticeable in the single-family market. Listings of detached homes fell nearly 10% from a year earlier. At the same time, more condos and townhomes came to market, giving some buyers additional options.

The median home sale price rose more than 4% from a year earlier to $950,000. That marked the largest annual increase in 18 months and set a new record for the region, surpassing the previous high of $940,000 reached in mid-2024.

Single-family homes led the gains. The median price climbed more than 5% to above $1.1 million, also a record high. Meanwhile, condo and townhome prices edged lower compared with a year ago.

Homes sold for 99.5% of their asking price on average in June, showing sellers maintained strong pricing power, particularly with 3.9 months of supply, keeping conditions tilted in sellers’ favor.

The median home sale price in San Diego increased by 4.4% compared to the same time last year, while the national median price rose by 1.5%.

San Diego median home prices rose by $40,000 year over year on a nominal basis in June to $950,000. Meanwhile, the national median home price increased by $6,000 to $401,000.

San Diego was tied for the third-highest-priced housing market among the top 40 largest markets last month. The San Diego median home price of $950,000 was 136.9% above the national median home price. San Diego's median home price in June is the highest observed price for any month in the market.

The median price of San Diego single-family homes rose by $55,000 over the past year to $1,105,000, while the median townhome price declined by 6.3%, and the median condo price fell by 4%.

The number of homes for sale in San Diego was largely unchanged in June compared to the same time last year, while national homes for sale rose by 4.2%.

San Diego homes for sale rose by two year over year in June to 7,759 homes for sale. San Diego ranked 26th, on a percentage basis, for the annual change in the number of homes for sale among the top 40 U.S. markets in June.

San Diego homes for sale were below their pre-pandemic levels in the month of June. San Diego homes for sale were 29.0% below the June 2019 total of 10,924.

San Diego single-family homes for sale decreased by 8.9% to 4,237 in June. In comparison, townhomes for sale rose by 15.3% to 717, and condos for sale increased by 12.8% to 2,805.

The number of home sales in San Diego increased by 11.5% in June compared to the same time last year, while national home sales rose by 6.1%.

San Diego home sales increased by 230 year over year on a nominal basis in June to 2,237. For context, 2,007 sales closed in San Diego in June 2025.

San Diego ranked eighth for the annual change in home sales out of the top 40 U.S. markets in June on a percentage basis. This year's June increase of 11.5% compares to the 0.1% year-over-year increase in June 2025.

San Diego single-family sales increased by 13.1% in June to 1,495. In comparison, townhome sales rose by 35.8% to 205, and condo sales rose by 0.6% to 537.

For questions and commentary about this report:

Joshua Ohl, Senior Director at CoStar and Homes.com, based in San Diego, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Joshua Ohl

Senior Director of Market Analytics

Homes.com

johl@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in San Diego during June 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.