Nearly all of the homes listed for sale in 2023 were unaffordable

to first-time buyers. Most of the listings were for high-end luxury homes located in exclusive neighborhoods. The prices for these homes were often over a million dollars, and the majority were condos or townhomes.

For first-time buyers looking to find an affordable home in 2023, their best bet is to look for lower-priced homes in less exclusive neighborhoods, possibly in the suburbs or in smaller rural towns. Depending on the location, these homes could range in price from the low hundreds of thousands to the low hundreds. Additionally, first-time buyers should look out for homes that are fixer-uppers, as they may be able to negotiate a better price on these types of properties.


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