An Increase in Starter Homes on the Market

More entry-level homes, often called 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 on the Rise – Especially at Affordable Price Points

Over the past year, the overall housing supply has improved significantly. Data from Realtor.com shows that in November, there were 26.2% more homes for sale compared to the same time last year. This marks 13 consecutive months of inventory growth and the highest availability since December 2019.

However, this growth hasn’t been evenly distributed across all home types. Redfin reports that starter homes have experienced the largest increase in availability (see graph below).

If you’re a first-time buyer who’s been waiting on the sidelines, thinking a starter home might be out of reach, this could be your moment. With more options now available, you might finally find a home that fits your budget and meets your needs.

How an Experienced Agent Can Help You Find a Starter Home

Navigating the search for the perfect starter home in your price range can feel overwhelming, but working with a local real estate agent can make all the difference. They’re always up to date on the latest listings in your area, ensuring you don’t miss any opportunities.

Your agent will help you focus on homes that align with your budget and priorities, simplifying the process and reducing stress. They’ll also guide you through making competitive offers and negotiating for the best possible outcome.

Beyond that, they handle the critical details—like paperwork and deadlines—so everything stays on track. And if you have questions or concerns, your agent is there to provide expert advice every step of the way.

Bottom Line

Starter homes are starting to make a comeback, creating an exciting opportunity for first-time buyers. This could be your moment to find the home you’ve been dreaming of. Whether you’re ready to start touring listings, seeking expert advice, or simply exploring what’s available in your area, connecting with a local real estate professional is a smart first step. They can guide you through the process, help you uncover hidden opportunities, and ensure you’re fully prepared to make your move. Don’t miss out on the chance to take the next step toward homeownership!