Market Conditions Reports
Welcome to our Market Conditions blog where we share insights from our real estate market analyses across San Diego County and surrounding areas. Each report examines median home prices, inventory levels, days on market, and price trends based on MLS data. Check back regularly for the latest updates.
June 5, 2026
San Diego, 92130 — Market Conditions Update
The San Diego 92130 (Carmel Valley) market is a seller's market that is directionally strengthening as of the June 5, 2026 effective date. The median sale price for the most recent quarter is $2,700,000, up from $2,600,000 in the prior quarter, while the median price per square foot rose to $876.25, a +4.4% quarterly gain atop a +9.0% twelve-month linear $/SF trend. Inventory is tight at 1.7 months, supporting an anticipated marketing time of 30–60 days. Median days on market shortened to 10 from 13, and the sale-to-list ratio strengthened to 100.0%. Quarterly sales volume rose +56.4% (61 closings versus 39), with the size-normalized $/SF metric the more reliable read on this high-end coastal market.
May 30, 2026
Oceanside, 92054 — Market Conditions Update
The Oceanside 92054 market is a seller’s market that is broadly stable as of the May 30, 2026 effective date. Because closed sales of 2-4 unit income properties in the zip are too infrequent for statistically reliable trends, single-family data is used as the best available proxy for this duplex subject. The median sale price for the most recent quarter is $1,235,000, down from $1,449,000 in the prior quarter, while the median price per square foot eased to $756.41, a -13.0% quarterly move. Inventory is tight at 1.4 months, supporting an anticipated marketing time of 30–60 days. Median days on market lengthened to 26 from 21, a sign of modest buyer caution, though the sale-to-list ratio held stable at 98.2%. Quarterly sales volume rose +23.8% (26 closings versus 21), and with a positive 6-month $/SF trend of +19.8%, the size-normalized metric indicates recent activity has firmed values from a softer earlier period.
May 29, 2026
Joshua Tree, 92252 (Vacant Land) — Market Conditions Update
The Joshua Tree vacant-land market, analyzed citywide for the subject's 10,334-square-foot parcel on Crest Circle Drive, was firmly a buyer's market as of the May 29, 2026 effective date. Median closed price eased 4.1% quarter over quarter to $35,000, with the trailing 12-month median holding at $35,000 across 117 closings citywide, though raw $/SF-of-lot figures swing widely between windows because lot size — not time — drives that ratio for undeveloped parcels. Inventory was heavy at 306 active listings against a 10.0-sale-per-month pace, translating to 30.6 months of supply and an anticipated marketing time of 180-plus days; active listings had already been exposed a median of 130 days. New listing volume was roughly flat year over year while closed sales declined, consistent with a soft, thinly traded, and highly dispersed land market. Because the subject's own size class (5,000 to 22,000 square feet) is too thin for a standalone trend, this citywide read anchors the time-adjustment analysis, with the subject's size class examined separately for the level of value.
May 29, 2026
Lucerne Valley, 92356 (Vacant Land) — Market Conditions Update
The Lucerne Valley vacant-land market, analyzed for two adjoining 5.00-acre parcels on Burns Canyon Road, showed a mixed near-term-versus-longer-term picture as of the May 29, 2026 effective date. In the 2-to-10-acre segment that brackets the subjects, the median closed price rose 3.0% quarter over quarter to $22,000 ($4,950 per acre, +8.3%), but that same segment's median price and per-acre figure were down 10.2% and 23.0%, respectively, against the 12-to-18-month window, pointing to softening over the longer trend. Supply was heavy, with 188 active listings against a 10.1-sale-per-month pace translating to roughly 18.6 to 19.4 months of inventory — a clear buyer's market for vacant desert acreage. The trailing 12-month segment median settled at $22,000, or $4,412 per acre. Given the thin, speculative, and widely dispersed nature of this market, a supplemental land sales analysis supports the reconciled value conclusion.
May 29, 2026
Palm Springs, 92264 — Market Conditions Update
The Palm Springs 92264 market was balanced as of the May 29, 2026 effective date, with 197 active listings and 4.0 months of supply supporting a 60-to-90-day anticipated marketing time. The trailing-quarter median sale price of $506,025 was up 3.3% from the prior quarter, while median $/SF rose a more modest 1.0% to $360.78; the 12-month linear trend on sale price (+20.48%) ran well ahead of the $/SF trend (+2.76%), pointing to a mix effect from larger units trading rather than uniform per-square-foot appreciation. Sales volume jumped 33.0% quarter over quarter and 89.1% over the trailing six months against a year earlier, a marked pickup in transaction activity. Days on market held essentially flat near 65, and the sale-to-list ratio firmed slightly to 98.0% from 97.6%, consistent with a market finding its equilibrium after a period of rapid volume growth.
