Inventory Is on the Rise – Especially for Affordable or Starter Homes
Over the past year, the housing market has seen a steady increase in available inventory, providing some much-needed relief for buyers. According to Realtor.com, the total number of homes for sale in November rose by 26.2% compared to the same time last year. This marks 13 consecutive months of inventory growth and represents the highest level of available homes since December 2019.
However, this growth isn’t evenly distributed across all price points or property types. Data from Redfin shows that starter homes—those typically considered more affordable and ideal for first-time buyers—have experienced the most significant inventory gains (see graph below).
If you’re a first-time buyer who has been hesitant to enter the market because of limited choices or rising prices, now may be the opportunity you’ve been waiting for. With more affordable homes becoming available, you have a greater chance of finding something within your budget. In a competitive and desirable market like San Diego, where starter homes are often in high demand, this shift could open doors to homeownership that might have seemed out of reach just a year ago. Now is the perfect time to explore your options and take advantage of this changing landscape.
How a Skilled Agent Can Help You Secure the Perfect Starter Home
Finding the right starter home in a market like San Diego can feel overwhelming, especially with high demand and rapidly changing inventory. However, working with an experienced local real estate agent can make all the difference. They have their finger on the pulse of the latest listings, ensuring you don’t miss out on any opportunities that align with your goals and budget.
A knowledgeable agent will narrow your search to homes that meet your financial parameters and lifestyle needs, taking much of the stress out of the process. When it’s time to make an offer, they’ll guide you in crafting a competitive one and negotiating effectively to help you secure the best possible deal.
Beyond the search and negotiation, your agent will handle the critical details—managing contracts, documentation, and deadlines—so you can stay focused on the excitement of becoming a homeowner. If questions arise, they’ll provide clear, expert advice at every step. Whether it’s navigating market trends or explaining the finer points of the process, your agent is your trusted advocate, making your journey to owning a starter home smoother and more rewarding.
Bottom Line
Starter homes are reappearing in the market, offering new opportunities for first-time buyers. If you’ve been waiting for the right moment, this could be it. Whether you’re ready to start touring homes, need expert advice, or simply want to explore your options, reach out to a trusted local team like the McT Real Estate Group team today. Together, we can find the perfect place to call your first home.