Are you wondering what’s happening with home prices in San Diego? As we move into the peak of the spring season, the San Diego housing market is showing a unique blend of resilience and balance.

In our latest market report, Brad and Karen Mattonen break down the essential trends you need to know. Whether you’re planning to buy your first home or looking to sell and downsize, staying informed is the key to making a confident move in today’s environment.

📊 Key Takeaways for April 2026

The San Diego market has entered a “thawing” phase. After a period of stagnation due to high interest rates, we are seeing a meaningful return of both buyers and sellers. Here is the current pulse of the market:

  • Median Home Prices: The median list price for homes in San Diego County is currently hovering around $1,376,500. While we’ve seen prices plateau in some areas, the market remains firmly in the “Seller’s Zone” with a Market Action Index of about 53.
  • Inventory Levels: Inventory is finally on the rise, with active listings up significantly (nearly 24%) compared to last year. This is a breath of fresh air for buyers who have been waiting for more options.
  • Days on Market: Well-priced homes are moving fast! In high-demand areas like North County, detached homes are often going under contract in just 1 to 2 weeks.
  • Interest Rate Impact: Buyer demand remains highly sensitive to the 6% threshold. When rates dip into the high 5s, we see a surge in activity; when they tick up, the market takes a measured beat.

💡 Expert Advice for the Spring Market

For Sellers:

The “lock-in effect” is beginning to ease. If you’ve been holding onto a low rate but your current home no longer fits your life—whether due to retirement, a growing family, or a job change—now is a strategic time to list. With inventory still historically lean, your property will stand out, especially if it’s well-presented and priced accurately.

For Buyers:

The current market offers more negotiating flexibility than we’ve seen in years. With 3.2 months of supply, you have more choices and a little more time to make decisions. However, don’t wait too long—with potential rate cuts projected for June or July, a drop in rates could bring a fresh wave of competition.

Common Questions: San Diego Real Estate Market April 2026

Q: Why is inventory increasing if interest rates are still a factor?
A: We are seeing the “lock-in effect” begin to ease. Many homeowners who have been waiting on the sidelines for years are finally deciding to move due to life changes—like retirement or relocation—accepting the current rate environment as the “new normal.”

Q: Should I wait for interest rates to drop further before buying?
A: It’s a double-edged sword. While waiting for a drop below 6% might lower your payment, it will also likely trigger a massive wave of buyer competition, which could drive prices up and eliminate your ability to negotiate. Buying now with 3.2 months of supply allows for more leverage.

Q: What is the “Market Action Index” mentioned in the report?
A: The Market Action Index (MAI) illustrates the balance between supply and demand. A score above 30 typically indicates a seller’s market. Our current score of 53 shows that while buyers have more choices, demand is still outpacing supply.

🚀 Connect With Us & Join the Community!

Don’t navigate the SoCal homes dip alone. Whether you’re a first-time buyer or looking to downsize using your equity, we are here to be your advocates.

Brad Mattonen, REALTOR® | CA DRE #02062665 Karen Mattonen, REALTOR® | CA DRE #02044711 Coldwell Banker West | HomesInSDCounty

📞 Call/Text: 858-518-2875 or 858-668-8004 📧 Email: bmattonenrealtor@gmail.com 🌐 Search All Homes: HomesInSDCounty.com 📍 Visit Us: 7135 Camino Del Sur, Suite 115, San Diego, CA 92127

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