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.
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 92252 vacant-land market is an unambiguous buyer’s market as of the May 29, 2026 effective date, analyzed on a citywide basis using price per square foot of lot area rather than living area. The median closed price was $35,000 in the most recent quarter across 30 sales, against $36,500 on 29 sales in the prior quarter (-4.1%); the trailing twelve months closed at a $35,000 median, or $0.34 per square foot of lot. Inventory is severely oversupplied at 30.6 months — 306 active listings against a pace near 10 sales per month — carrying an anticipated marketing time of 180+ days. Median days on market for closed sales was 56 in the most recent quarter and 68 over twelve months, but that describes only the successful listings: of 491 listings that left the market in the trailing year, just 22.0% closed while 76.4% expired, cancelled, or withdrew unsold. Sellers conceded roughly 15% from original asking price at the median. A size- and location-controlled regression puts the 24-month time trend at -0.1% per year and the 36-month at -2.5%, both statistically indistinguishable from zero, supporting a concluded market conditions adjustment of 0.0% per year.
May 29, 2026
Lucerne Valley, 92356 — Vacant Land Market Conditions Update
The Lucerne Valley 92356 vacant-land market is a deeply oversupplied buyer’s market as of the May 29, 2026 effective date, measured on the 2.00–10.00 acre segment that brackets typical high-desert parcels. Median closed price in that segment was $22,000 in the most recent quarter on 29 sales against $21,350 on 36 sales in the prior quarter (+3.0%), with median price per acre at $4,950 versus $4,570 (+8.3%); over longer windows the direction reverses, with the trailing six months at $22,000 against $24,500 twelve to eighteen months ago (-10.2%). Inventory stands at 18.6 months in the segment and 20.4 months market-wide, with an anticipated marketing time of 180 to 365+ days. Median days on market was 60, but a quarter of sales took over 150 days and only 33.2% of resolved listings actually closed — 66.8% expired, cancelled, or withdrew. Median sale-to-list was 92.0%, with only 30.6% of sales closing at or above list. Hedonic regressions controlling for parcel size return time coefficients of -1.7% per year over 24 months and -5.0% over 36 months, none statistically significant, supporting a concluded market conditions adjustment of 0.0% per year.
May 29, 2026
Palm Springs, 92264 — Market Conditions Update
The Palm Springs 92264 market is a balanced market that is broadly stable as of the May 29, 2026 effective date. The median sale price for the most recent quarter is $506,025, up from $490,000 in the prior quarter, while the median price per square foot edged up to $360.78, a +1.0% quarterly move. Inventory stands at 4.0 months, supporting an anticipated marketing time of 60–90 days. Median days on market held essentially steady at 65 versus 64, and the sale-to-list ratio improved to 98.0% from 97.6%. Quarterly sales volume rose sharply, up +33.0% (149 closings versus 112) and +89.1% year-over-year, and with a positive 6-month linear $/SF trend of +5.33%, the market appears to be finding its equilibrium as participants adjust to current conditions.
May 23, 2026
Carlsbad, 92009 — Condominium Market Conditions Update
The Carlsbad 92009 attached condominium and townhome market is a seller's market that is essentially stable to flat as of the May 23, 2026 effective date. The median sale price for the most recent quarter is $920,000, down from $950,000 in the prior quarter, while the median price per square foot was nearly unchanged at $625.00 versus $627.63, a -0.4% quarterly move. Inventory is tight at 2.1 months, supporting an anticipated marketing time of 30–60 days. Median days on market lengthened to 39 from 27, a sign of modest buyer caution, while the sale-to-list ratio held steady at 98.8%. Quarterly sales volume rose +43.4% (119 closings versus 83) on the normal winter-to-spring pattern, and with small, offsetting price signals the size-normalized $/SF metric points to a flat market where no market-conditions time adjustment is warranted.
