San Diego home sales rise in July as single-family price reaches $1.13M

San Diego home sales increased more than 7% year-over-year in July as buyers remained active despite high mortgage rates, limited inventory and record single-family home prices, according to a report from Homes.com.

The median price for all homes sold in San Diego rose 2.7% from a year ago to $935,000, the highest July median on record, Homes.com reported. San Diego ranked third among the 40 largest U.S. housing markets for median sale price.

The median single-family home price climbed 5.1% to $1.13 million, an increase of $55,000 from July 2025.

The increase happened as overall sales activity accelerated. San Diego recorded 2,197 home sales in July, up 149 from a year earlier. The 7.3% increase ranked fourth among the nation's 40 largest housing markets, according to Homes.com.

Single-family home sales in San Diego rose 3.3% to 1,390. Townhome sales jumped 42.1% to 199, while condo sales increased 8.2% to 608.

Rancho Bernardo and Carmel Valley were among the most active areas for home sales in July, according to the report.

Despite stronger sales, buyers faced fewer homes to choose from. San Diego's inventory declined 2.3% from a year earlier to 7,837 homes. That was 29.3% below the 11,085 homes available in July 2019, before the pandemic.

San Diego's single-family inventory fell particularly sharply, dropping 10.3% to 4,266 homes. That represents nearly 500 fewer single-family homes available than in July 2025.

Other property types offered more options. Townhome inventory increased 10.9% to 720 units, while condo inventory rose 8.9% to 2,851.

Prices for those properties moved in different directions. The median townhome price fell 8.7% to $800,000, while the median condo price increased 1.2% to $617,500, according to Homes.com.

The figures underscore a widening price difference between single-family homes and condos and townhomes, which can offer a lower-cost entry point for buyers.

San Diego's $935,000 median home price was 133.8% above the national median of $400,000 in July. Nationally, the median home price increased 2.6% from a year earlier, compared with San Diego's 2.7% increase.

The median price for all homes in San Diego in July remained below the record $950,000, set in June.

Homes sold in San Diego spent a median 45 days on the market in July. The market had four months of supply, and homes sold for an average of 98.2% of their list price.

Homes.com said buyer activity remained strong heading into the new school year despite a slowing local economy, high home prices and elevated mortgage rates.