April 2026 Housing Market Update
April brought another active month for the Downtown San Diego condo market, with more sales, more high-end closings, and continued buyer choice as inventory climbed to 334 listings.
What Happened in April
April 2026 was another active month for the Downtown San Diego condo market. There were 47 closed sales during the month, which was an increase from March and continued the stronger trend we started to see as the market moved deeper into spring. At the same time, active inventory also climbed, reaching 334 listings, so even with the higher number of sales, buyers still had a meaningful amount of choice across Downtown. :contentReference[oaicite:1]{index=1}
One of the biggest stories this month was the divergence between the average sales price of $1,019,850 and the median sales price of $750,000. That kind of spread is not unusual in Downtown, but it was especially noticeable in April because of how much activity took place at the higher end of the market. There were seven sales over $2 million, which is a very high number for Downtown San Diego, and two of those sales were over $3 million. That pulled the average sales price higher, while softer activity in the lower ranges helped keep the median lower. :contentReference[oaicite:2]{index=2}
Even with 47 sales, the increase in active inventory pushed the months supply of inventory to 7.11 months, which still leans toward a buyer-favored environment overall. That said, this market is not uniform. Some segments remain competitive, while others are moving much more slowly. In particular, turnkey two-bedroom condos with nice views are still selling well, while lower price ranges with high HOA dues continue to be one of the slower parts of the market. :contentReference[oaicite:3]{index=3}
That slowdown in the lower end directly ties into affordability. Higher HOA dues and higher interest rates are making it harder for buyers in those price ranges, while the upper end of the market is holding up better because there are more buyers paying cash or putting substantial money down. The second-home market also remains fairly active in Downtown, which is helping support the higher-end segment. :contentReference[oaicite:4]{index=4}
Pricing and market-time metrics were mixed but generally respectable. The average price per square foot came in at $784, while the median was $675 per square foot. Homes sold at an average of 97.00% of asking price. Market time improved again, with the average active market time falling to 32 days and the median dropping to 22 days. If you’d like to talk through how this applies to your building, your price range, or your specific condo, feel free to reach out anytime.
The Key Numbers From the Month
A quick look at the biggest figures shaping the April 2026 Downtown condo market.
Average vs. Median Price Per Square Foot
Average price per square foot increased in April, though the median pulled back, reflecting the uneven distribution of sales across price ranges.
Average vs. Median Sales Price
April showed a sharp split between the average and median sales price as higher-end sales pushed the average up while the median moved lower.
Average vs. Median Active Market Time
Days on market improved again in April, which suggests the homes that are priced and positioned well are still moving at a healthy pace.
Average List to Sales Price
Closed sales averaged 97.00% of asking price in April, showing that buyers still have some negotiating room in much of the market.
Find Out What Your Downtown Condo Is Worth
If you want a more specific breakdown for your building, floor level, floor plan, or view orientation, I’d be happy to help you understand how current competition and recent sales may impact your value.
Request A Home ValuationThe Charts That Best Explain Market Balance
April remained a buyer-leaning market overall, though certain property types continue to outperform the broader trend.
Months Supply of Inventory
At 7.11 months of supply, Downtown still leans toward buyers overall, even with a relatively solid number of April sales.
Number of Sales
Sales climbed again in April, continuing the stronger trend we saw begin in March.
New Listings
New listings stayed active in April, helping keep overall inventory elevated across the Downtown market.
Active Listings
Active inventory climbed to 334 listings, which is one of the main reasons buyers still have leverage in many segments.
Pending Listings
Pending activity came in at 35 homes, lower than March but still enough to show that the market continues to move.
Sales Volume ($ Millions)
Total dollar volume increased to $47.9 million as more homes sold and the high-end segment had a particularly strong month.
A Downtown Professional You Can Trust
Give me a call at (619) 228-6790 or email me at Ryan@LivingTheSanDiegoLife.com if you would like to talk through your building, your price range, or what these numbers mean for your condo specifically.
