Market Trends: San Diego 92130 — March 2026
Key Metrics at a Glance
| Metric | Value | Trend |
|---|---|---|
| Median Sale Price (0-3 Mo) | $900,000 | Declining |
| Median $/SF (0-3 Mo) | $392.55 | Declining |
| 12-Mo Linear $/SF Change | -5.70% | Negative |
| Months of Inventory | 4.6 | Balanced supply |
| Median Days on Market | 28 | Improving |
| SP/LP Ratio | 100.0% | Stable |
| Sales Volume Change (Qtr) | -35.1% | Decreasing |
| Anticipated Marketing Time | 60-90 days | Moderate market |
Analysis
The divergence between median sale prices and median price per square foot warrants careful interpretation. The 12-month linear trend shows median sale prices essentially flat (+0.38%) while $/SF declined more meaningfully (−5.70%). This pattern is characteristic of a compositional mix shift: as larger-footprint or higher-end properties represent a growing share of closed transactions, the overall median price holds steady even though per-square-foot values are softening. The 7.7% quarterly decline in $/SF—from $425.50 to $392.55—is the most pronounced shift in the data and suggests that the most recent closings have skewed toward larger properties with lower per-unit pricing, rather than reflecting a broad-based decline in market values.
The supply-side picture reflects a balanced market with efficient absorption. With 134 active listings and 4.6 months of inventory, the market sits comfortably in balanced territory—neither constrained enough to drive aggressive bidding nor oversupplied enough to give buyers significant leverage. The 33.3% decline in median days on market (from 42 to 28 days) indicates that correctly priced inventory is being absorbed faster than in the prior quarter. The 13.2% decline in new listing volume suggests sellers are exercising restraint, which should help support pricing stability. The SP/LP ratio of 100.0% confirms that sellers are achieving their full asking prices, a signal that buyer-seller expectations remain aligned.
Overall, this market is best characterized as balanced with early signs of softening in per-unit values. Price indicators are essentially flat at the headline level, supported by compositional shifts toward higher-value transactions, while per-square-foot values are experiencing noticeable compression. The 35.1% quarterly decline in sales volume is the most significant caution signal, though the year-over-year figure remains virtually unchanged at −0.9%. The combination of 4.6 months of inventory, 60–90 days anticipated marketing time, and a 100.0% SP/LP ratio suggests a market that is neither overheating nor in distress, but one where pricing precision is increasingly important. Sellers who price accurately can expect efficient absorption within 60–90 days; those who overprice will face a smaller, more selective buyer pool.
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