San Diego’s housing story in 2026 continues to be shaped by a persistent undersupply, while local household formation outpaces the broader region and state. This dynamic adds a unique layer to our market—demand is still there, even as elevated mortgage rates and cautious consumer sentiment make buyers more selective and price sensitive than in previous years. I’ve seen firsthand how attached homes remain a vital entry point for many, keeping transactions moving when single-family options feel out of reach. Builders are responding with creative solutions like price adjustments and mortgage rate buydowns, but the market’s pace is closely tied to buyer confidence right now. As someone who has helped guide clients through many cycles, I know how important it is to understand these shifts and respond with clarity. The outlook is stabilizing, and San Diego’s resilience continues to define our housing landscape.
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