More Starter Homes Are Hitting the Market

More Starter Homes Are Hitting the Market

More entry-level, or starter, homes are becoming available on the market. After years of limited inventory and rising prices, first-time buyers now have more options to consider.

Inventory Is Increasing – Especially at Lower Price Points

Over the past year, the overall supply of homes for sale has grown. Realtor.com reports that in November, there were 26.2% more homes available compared to the same time last year. This marks 13 consecutive months of inventory growth and the highest number of homes on the market since December 2019. 

However, this growth hasn’t been uniform across all types of homes. Redfin notes that starter homes have experienced the largest increase (see graph below):

If you’re a first-time buyer who’s been waiting on the sidelines, thinking starter homes in your market were out of reach, this could be a turning point. With more options now available, you might finally find one that fits your budget.

How an Experienced Agent Helps You Find a Starter Homes

Finding the right starter home at the right price can feel overwhelming, but a local real estate agent can simplify the process. They stay informed on the latest listings in your area, ensuring you don’t miss out on opportunities.  

An agent helps you focus on homes that fit your budget and needs, reducing stress. They’ll also guide you in making the right offer and negotiating for the best outcome.  

Additionally, they handle key details like paperwork and deadlines, keeping everything on track. If you have questions, your agent provides expert advice every step of the way.

Bottom Line

Starter homes are making a comeback, and now might be your chance to find one. Whether you're ready to explore listings, seek advice, or simply see what's available, let’s connect.