San Diego’s housing market in February 2026 showed a mixed picture. Detached home prices moved higher from a year ago, while attached home prices softened. Sales activity remained slower overall, homes took longer to sell, and inventory was lower than it was last February. At the same time, pending sales were essentially flat to slightly positive, suggesting buyer demand has not disappeared even with affordability still under pressure.
Quick Numbers (Year-over-Year)
Detached (Single-Family Homes)
- Median sales price: $1,089,795 (+2.1%)
- Closed sales: 1,008 (-2.0%)
- Pending sales: 1,186 (+0.3%)
- Days on market: 41 (+10.8%)
- Inventory: 2,379 homes (-19.1%)
- Months of supply: 1.9 months (-20.8%)
Attached (Condos/Townhomes)
- Median sales price: $660,000 (-2.2%)
- Closed sales: 541 (-11.6%)
- Pending sales: 680 (+0.4%)
- Days on market: 50 (+22.0%)
- Inventory: 1,841 homes (-10.1%)
- Months of supply: 2.8 months (-6.7%)
February 2026 Home Prices in San Diego County
Detached home prices continued to show resilience in February, with the median sales price rising to $1,089,795, up 2.1% from a year earlier. Attached homes moved in the opposite direction, with the median price slipping to $660,000, down 2.2% year over year. That split suggests the single-family segment remains stronger, while the condo and townhome market is feeling more pressure from affordability and buyer caution.
February 2026 Days on Market: Buyers Are Taking Longer
Homes took longer to sell than they did a year ago. Detached homes averaged 41 days on market, up 10.8%, while attached homes averaged 50 days, up 22.0%. That tells us buyers are still active, but they are moving more carefully, taking more time to compare options, and negotiating more than they were during tighter market periods.
Inventory and Supply: Still Tight, But Not Even Across Segments
Inventory was lower than last year in both major categories. Detached inventory fell to 2,379 homes and attached inventory fell to 1,841 homes. Months of supply also declined to 1.9 months for detached homes and 2.8 months for attached homes. Even with sales cooling, lower supply continues to help support pricing, especially in the detached market.
Demand Signals: Pending Sales Were Nearly Flat
One encouraging sign was that pending sales held steady. Detached pending sales increased 0.3%, and attached pending sales increased 0.4% year over year. That is not a dramatic surge, but it does suggest there are still buyers in the market despite higher borrowing costs and longer decision-making timelines.
Mortgage Rates (Freddie Mac PMMS)
Freddie Mac reported the average 30-year fixed-rate mortgage at 6.22% as of March 19, 2026, compared with 6.67% one year earlier. The average 15-year fixed-rate mortgage was 5.54%. Lower rates than a year ago may help bring some buyers back into the market this spring, although affordability remains a major factor in San Diego.
What This Means for San Diego Home Sellers
For sellers, February’s numbers show that pricing is still holding up best in the detached market, but buyers are taking longer and being more selective. That makes preparation, pricing, and presentation especially important.
If you’re considering selling, this market favors homeowners who:
- price based on current neighborhood comps,
- make the home show well from day one,
- and stay prepared for buyer questions, credits, or rate buydown requests.
Well-positioned homes can still perform strongly, especially where inventory remains limited.
If you’d like a free home valuation or pricing guidance for your neighborhood, contact Howard Smith Real Estate at (619) 417-0774.
