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MORE STARTER HOMES ARE HITTING THE MARKET More entry-level homes – also known as starter homes – are becoming available. After years of limited inventory and rising prices, first-time buyers are finally seeing more options. INVENTORY IS INCREASING – ESPECIALLY AT LOWER PRICE POINTS Over the past year, the total supply of homes for sale has grown significantly. According to Realtor.com, in November, there were 26.2% more homes on the market compared to the same time last year. This marks 13 consecutive months of inventory growth and the highest availability since December 2019. Interestingly, not all segments of the market are seeing the same growth. Redfin reports that starter homes have experienced the largest increase in availability. If you’re a first-time buyer waiting on the sidelines because starter homes seemed out of reach, this shift might be the opportunity you’ve been hoping for. With more choices now available, you could find a home that fits your budget and needs. HOW AN EXPERIENCED AGENT HELPS YOU FIND A STARTER HOME Searching for the perfect starter home at the right price might feel overwhelming, but your local real estate agent can make the process much easier. Agents stay updated on the latest listings, ensuring you don’t miss any opportunities. An agent will help you focus on homes that meet your budget and requirements, reducing the stress of your search. They’ll guide you in making competitive offers and negotiating effectively for the best outcome. In addition, they’ll handle critical details like documentation and deadlines, keeping everything on track. If you have questions, your agent will provide expert advice and support every step of the way. YOUR NEXT STEP Starter homes are making a comeback, and this could be your chance to find one. Whether you’re ready to explore listings, need advice, or just want to see what’s available, reach out to your local real estate expert today.
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