Prices are rising, inventory is growing, and the spring market is just getting started

San Diego’s housing market is entering the spring season in a state of recalibration. The median detached home price is sitting around $1.08M, roughly 2 to 4 percent higher than last year. At the same time, active listings across the county have increased to about 4,600 homes, giving buyers more options than they have had in several years.

One of the most important shifts is the difference between detached homes and condos. Detached inventory remains relatively tight. However, the attached market has seen inventory jump nearly 18 percent, meaning buyers are gaining real negotiating power in that segment.

Interest rates are in the mid 6 percent range, but projections suggest rates could move closer to 5.9 percent by end of 2026. A drop of less than one percent can reduce monthly payments by several hundred dollars, which often brings sidelined buyers back into the market.

For sellers, the spring market is still a great opportunity if your home is priced and presented correctly. For buyers, the increase in inventory means there are finally more opportunities to negotiate than we have seen in quite some time.