
Q2 2025 San Diego Multifamily Real Estate Market Report
The second quarter of 2025 brought increased momentum to San Diego’s 2–4 unit apartment market, with sales volume jumping 16.5% and properties selling 24% faster than in Q1. Average prices and price per unit also rose, indicating strong investor confidence in smaller-scale assets. In contrast, sales of 5+ unit properties declined by 15%, suggesting a shift in buyer focus amid evolving financing conditions. In this blog, we break down the key trends, ZIP code activity, and what these changes mean for buyers and sellers heading into Q3.







