Are Home Prices Going Down in San Diego? - weekly update April 6, 2026

If you’ve been wondering what’s actually happening in the San Diego housing market right now—you’re not alone.

Between rising interest rates, headlines about price drops, and homes sitting longer… it can feel a little unclear.

So let’s break it down simply.

What’s Happening Right Now

Here’s a snapshot of the current market:

• Median Home Price: $1,060,000→ Up 1% year over year

• Inventory: ~3,665 homes→ Down 15.4% from last year

• Days on Market: 52 days→ Up from 44 days

• Price Reductions: ~26% of active listings

• Mortgage Rates: ~6.34%–6.46%

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So… Are Prices Going Down?

Short answer: not really—but the market is shifting.

Prices are still slightly up compared to last year. But what’s changed is how homes are selling.

We’re no longer in that fast, aggressive market where everything sells instantly over asking.

Now:

• Homes are taking longer to sell

• More sellers are adjusting their price

• Buyers have more time and leverage

That’s a big shift.

What This Means for Sellers

You can still sell for a strong price—but strategy matters more than ever.

The biggest mistakes I’m seeing right now:

• Pricing too high “just to see what happens”

• Not preparing the home properly

• Ignoring early feedback from the market

With 26% of homes reducing price, buyers are watching closely.

If you come on the market right from the start:

• well-priced

• well-presented

• well-marketed

You’ll stand out immediately.

If not, you risk sitting… and chasing the market down.

What This Means for Buyers

This is quietly becoming a better market for buyers.

You’re seeing:

• More options

• Less pressure to rush

• More room to negotiate

And here’s the part most people miss:

Even though rates are higher, many sellers are offering concessions—helping with closing costs or rate buy-downs.

That wasn’t happening a couple years ago.

The Bottom Line

This isn’t a crash.

It’s a rebalancing.

• Prices are holding steady

• Competition has cooled

• Strategy matters more than timing

And depending on your situation, this could actually be a really good window to make a move.

Thinking About Buying or Selling?

If you want a clear picture of what this means for your situation—reach out.

No pressure, no sales pitch.

Just a real conversation so you can make the right decision for you.

📲 Call or Text: 760-310-0166📧 tristen@homebytristen.com