Housing Shortage Persists as Unemployment Holds Steady and Biotech Summit Opens
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San Diego County's unemployment rate held at 4.1 percent in April 2026, down a tenth of a point from a year earlier and running meaningfully below California's statewide rate. The city of San Diego proper sat at approximately 4.0 percent — also below the county's long-term historical average of 5.61 percent — indicating a labor market that continues to outperform the state even as interest rate pressures and federal policy uncertainty weigh on national hiring outlooks.
Housing remains the counterweight to those labor market gains. Single-family home inventory in May ran 34 percent below its 10-year average, a structural shortage that keeps the countywide median price anchored at $925,000. The attached property market tells a different story: condos and townhomes are seeing above-average inventory and modest year-over-year price softness, giving buyers priced out of single-family homes more negotiating room than they had a year ago.
The BIOSeedin Summer Partnering Innovation Summit opens Tuesday, June 23rd, at the Wyndham San Diego Bayside, focused on biotech startup investment and partnerships. San Diego's life sciences sector remains among the strongest in the country, and the summit is part of the networking infrastructure that keeps that ecosystem connected.