July 2026 San Diego Real Estate Market Update: Fewer Listings, Stronger Sales & a Tight Summer Market
📊 July San Diego Real Estate
Market Snapshot
July's numbers continue to show a resilient San Diego real estate housing market, with significantly fewer homes available than a year ago while sales activity remains strong.
In San Diego County, detached inventory fell 37.2% compared with last July, while the median sales price increased 4.8% to $1,100,500. In North San Diego County, detached inventory dropped 40.0%, while closed sales increased 8.4%.
San Diego County
Detached:
$1,100,500 Median Sales Price
2.5 Months Inventory
~28 Days on Market
Attached:
$653,250 Median Sales Price
4.0 Months Inventory
~37 Days on Market
North San Diego County
Detached:
$1,232,500 Median Sales Price
2.6 Months Inventory
~31 Days on Market
Attached:
$718,900 Median Sales Price
3.5 Months Inventory
~34 Days on Market
The biggest takeaway? Inventory remains tight—especially for detached homes—but buyers are still moving forward. Well-priced homes continue to attract attention, while attached properties generally offer buyers a little more selection and negotiating room.
Explore the San Diego Real Estate Market Reports
💡 Homeowner Update:
A Bigger SALT Tax Deduction
Here's a tax change California homeowners may want to know about.
For 2026, the federal state and local tax (SALT) deduction limit has increased to $40,400 for most filers, up significantly from the $10,000 limit that applied for years. For homeowners, the important connection is real property taxes—the annual state and local taxes paid on your home can be included in the SALT deduction, along with certain state and local income or sales taxes, subject to the overall limit and income restrictions.
For California homeowners who previously reached the $10,000 cap quickly, the higher limit could make a meaningful difference. You must itemize to benefit, and individual circumstances vary, so it's a good one to discuss with your tax professional.
⭐ Interest Rates:
Still a Waiting Game
At its July meeting, the Federal Reserve held its benchmark interest rate steady as it continued to balance inflation, employment and broader economic conditions.
While the Fed doesn't directly set mortgage rates, its decisions influence the overall rate environment. For buyers, the takeaway remains simple: waiting for the "perfect" rate can be difficult to time, and July's local numbers show that buyers are continuing to purchase despite today's borrowing costs.
🏡 What Does This Mean for You?
Market statistics are helpful, but what really matters is how they apply to your home, neighborhood, or plans. Curious what these numbers mean for you? Whether you're thinking about buying, selling, or simply wondering about your home's value, let's talk.
If you'd like a customized market update for your neighborhood or have questions about today's market, I'm always happy to help.
Christine Kueneke
Broker Associate & Realtor®, DRE #01809365
Certified Probate & Trust Specialist
Century 21 Affiliated | Fine Homes & Estates
Call or Text: 760-613-1626
Disclaimer: This newsletter is provided for informational purposes only and is not intended as legal, financial, tax, or real estate advice. Real estate markets, laws, regulations, and local requirements may change and can vary by location.
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