More entry-level homes, often referred to as starter homes, are becoming available in the market. After a period when there were limited options and rising prices, first-time buyers now have more choices to consider.

Inventory Is Increasing – Especially at Lower Price Points

Over the past year, the number of homes available for sale has gotten better. Realtor.com reports 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, resulting in the highest number of homes available since December 2019.

The growth isn't uniform across all home types. Redfin notes that starter homes have experienced the largest increase, as shown in the graph below.

How an Experienced Agent Helps You Find a Starter Homes

Finding the perfect starter home within your budget in your local market can seem overwhelming. However, having a local real estate agent can simplify the process. They keep track of the newest starter home listings in your area, ensuring you don’t miss out on any opportunities.

Your agent will assist you in finding homes that fit both your budget and your requirements, which can make the whole process less overwhelming. They’ll also walk you through making a solid offer and negotiating to achieve the best results.

They take care of all the important details, such as paperwork and deadlines, helping you stay organized. If you have any questions, your agent is always available to provide answers and expert guidance throughout the process.

Bottom Line

Starter homes are starting to regain popularity, and this might be your opportunity to discover one. If you’re interested in exploring listings, seeking guidance, or simply checking out what’s available, let’s get in touch.