Starter-Home Sales Rose 4% in June, a Bright Spot in a Sluggish Housing Market

• Starter-home sales rose 3.9% year over year in June to the highest level since June 2023 as sales fell in all other price tiers.
• Starter-home inventory climbed to the highest level since October 2019, but that didn’t stop prices from rising: The typical U.S. starter home sold for a record $260,000 in June, up 3.1% from a year earlier. 
• San Diego recorded an 18% spike in starter-home sales, leading all major metros. Fort Lauderdale, FL recorded the biggest drop (-17.4%).

Sales of starter homes rose 3.9% year over year in June to the highest level in two years, a bright spot in an otherwise sluggish housing market where sales fell across other price tiers. 

This is according to a Redfin analysis where we divide U.S. homes into tiers based on the prices of homes sold over a…