My money is on these being flips.
From Redfin:
Starter-Home Sales Rose 4% in June, a Bright Spot in a Sluggish Housing Market
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 rolling 12-month period. This report is focused on homes whose sale price fell into the 5th-35th percentile, which we define as starter homes. Our price-tier data is calculated in rolling three-month periods, with this report focusing on April-June. Data is subject to revision.
June was the 10th consecutive month in which home sales rose year over year, indicating that first-time homebuyers are jumping into the market.
In comparison, sales of mid-priced homes (35th-65th percentile of the market by sale price) fell 0.9% year over year in July, while high-price homes (65th-95th percentile) fell even more, down 3.6%.
Pending sales of starter homes are also rising, up 3.1% year over year in June, a sign that closed sales are likely to continue increasing in the coming months.
In comparison, pending sales of mid- and high-price homes fell 0.7% and 2.7% year over year in June, respectively.
“In a market where it’s difficult for most Americans to afford a dream home, many are turning toward starter homes,” said Redfin Senior Economist Sheharyar Bokhari. “They’re typically smaller and more modest, but starter homes remain within reach for some buyers who have been priced out of higher tiers. First-time buyers are especially apt to go for starter homes, as they don’t have equity from a previous home sale to help with their payments.