June 2026 San Diego Real Estate Market Update: Fewer Homes, More Buyers, Rising Prices
- CK Realtor
- Jul 15
- 3 min read
📊 June San Diego Real Estate Market Snapshot
As we move through the summer season, June market data continues to show a resilient San Diego real estate market. Inventory remains limited across much of the county, while buyer activity has remained surprisingly strong despite mortgage rates staying higher than many expected.
In North San Diego County, the number of homes for sale declined 33.7% compared to last year while closed sales increased 21.4%, highlighting the ongoing imbalance between supply and demand. Even with higher borrowing costs, buyers continue to compete for well-priced homes in desirable locations.
San Diego County
Detached
$1,100,000 median price
2.4 months of inventory
~25 days on market
Attached
$650,000 median price
4.0 months of inventory
~37 days on market
North San Diego County
Detached
$1,240,000 Median Sales Price
2.7 Months Inventory
~28 Days On Market
Attached
$685,000 Median Sales Price
3.3 Months Inventory
~46 Days On Market
Explore the San Diego Real Estate Market Reports
🏡 What We're Seeing in the Market
One trend that stands out this month is the growing difference between detached homes and attached properties.
Detached homes continue to favor sellers, particularly turnkey homes that are well-priced and show well. Limited inventory is helping support values and maintain competition in many neighborhoods.
The attached market is beginning to shift. Inventory has increased from 2.4 months in April to 4.0 months in June, while marketing times have lengthened and prices have softened. Condo and townhome buyers are seeing more choices and, in some cases, greater negotiating opportunities than they had earlier this spring.
Today's buyers remain highly selective. Homes that are thoughtfully prepared, properly marketed, and realistically priced continue to generate the strongest interest, while properties that need updates or are priced above market expectations may take longer to attract offers.
🌟 Market Spotlight:
Mortgage Rates Remain Surprisingly Stable
Many experts expected mortgage rates to fall significantly this year, yet Freddie Mac reports the average 30-year fixed mortgage rate remains near 6.5%. Despite higher borrowing costs, buyers continue to move forward with purchases.
According to Freddie Mac Chief Economist Sam Khater, mortgage rates have remained relatively stable while affordability conditions have gradually improved for many buyers. While many expected rates to move lower this year, today's market is showing that buyers are increasingly willing to move forward when the right opportunity becomes available.
The result is a market where limited inventory continues to support home values even as buyers navigate mortgage rates that remain well above the historic lows of recent years.
💡 Real Estate Is Local
Countywide statistics provide valuable insight into broader market trends, but every community tells a different story.
For example, Cardiff's median sales price reached $2,297,500 in June, up 16.6% from last year, while Bonsall recorded a median sales price of $975,000, down 31.8%. Even within North San Diego County, market conditions can vary dramatically by neighborhood, property type, and price range.
Whether you're considering buying, selling, or simply curious about your home's value, understanding what's happening in your specific market is far more important than any countywide statistic.
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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