youtube  facebook   twitter

Member Center

October Fort Worth Housing Report

Fort Worth home sales increased, prices rise in October 2016

Greater Fort Worth Association of REALTORS® releases real estate statistics for October 2016

 

FORT WORTH, Texas – November 16, 2016 – Fort Worth home sales increased 2.9 percent in October 2016 while home prices increased, according to the October 2016 Fort Worth housing market report released today by the Greater Fort Worth Association of REALTORS®.

 “As we enter a traditionally slower season for the real estate market, we are still seeing strong home sales in the Fort Worth area despite lower inventory,”  said Jaci Coan, 2016 President of the Greater Fort Worth Association of REALTORS®. “The Greater Fort Worth Association of REALTORS® encourages all potential home buyers and sellers to work with your local REALTOR® to ensure you get the best experience possible.”

According to the report, 921 homes were sold in Fort Worth in October 2016, a 2.9 percent increase from the year prior. The median price for Fort Worth homes increased 15 percent year-over-year to $189,000 during the same time frame.

Fort Worth’s monthly housing inventory* was 1.9 months in October 2016, 0.4 months less than the same time frame last year. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 32 days on the market in October 2016, nine days less than October 2015. Additionally, active listings decreased 13.1 percent to 1,901 listings during the same time frame.

 

October 2016 Statistics At-A-Glance

  •          921 – Homes sold in October 2016, 2.9 percent more than October 2015.
  •          $189,000– Median price in October 2016, 15 percent more than October 2015.
  •          1.9 – Monthly housing inventory in October 2016, 0.4 months less than October 2015.
  •          32 – Average number of days homes spent on the market in October 2016, nine days less than October 2015.
  •          1,901 – Active home listings on the market in October 2016, 13.1 percent less than October 2015.

With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.

 

* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months.

REALTOR® Mark of Excellence

The purpose of this award is to encourage maintenance of the high standards for REALTORS set forth in the National Association of REALTORS Code of Ethics including the Preamble and Articles of the Code.

Entry form must be received by GFWAR no later than December 31, 2016. The combined 2016/2017 Professional Standards committee will meet in January 2017 to review all entry forms. Recipients will be honored at the February 2017 luncheon.

Click the links below to access the forms.

2016 REALTOR Mark of Excellence Form
Affidavit Forms

September Fort Worth Housing Report

 

Fort Worth home sales increased, prices rise in September 2016

Greater Fort Worth Association of REALTORS® releases real estate statistics for September 2016

 FORT WORTH, Texas – October 19, 2016 – Fort Worth home sales increased 2.8 percent in September 2016 while home prices increased, according to the September 2016 Fort Worth housing market report released today by the Greater Fort Worth Association of REALTORS®.

Jaci Coan, 2016 President of the Greater Fort Worth Association of REALTORS, said, “We are seeing an increased number of ​ sales and prices are continuing to rise,​ in part because we have an influx of new residents into our area​. Our inventory remains low which is also driving prices.”

According to the report, 1,054 homes were sold in Fort Worth in September 2016, a 2.8 percent increase from the year prior. The median price for Fort Worth homes increased 12 percent year-over-year to $187,500 during the same time frame.

Fort Worth’s monthly housing inventory* was 1.9 months in September 2016, 0.4 months less than the same time frame last year. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 30 days on the market in September 2016, three days less than September 2015. Additionally, active listings decreased 13.6 percent to 1,942 listings during the same time frame.

September 2016 Statistics At-A-Glance

  •          1,054 – Homes sold in September 2016, 2.8 percent more than September 2015.
  •          $187,500– Median price in September 2016, 12 percent more than September 2015.
  •          1.9 – Monthly housing inventory in September 2016, 0.4 months less than September 2015.
  •          30 – Average number of days homes spent on the market in September 2016, three days less than September 2015.
  •          1,942 – Active home listings on the market in September 2016, 13.6 percent less than September 2015.

With a growing economy, booming population and high quality of life, Texas is a great place to live, work and do business. As such, the demand for Texas real estate remains strong and enduring. Texas REALTORS® continue to work daily to protect the rights of private-property owners, keep homeownership affordable, and promote public policies that benefit homeowners.

* The inventory of homes for a market can be measured in months, which is defined as the number of active listings divided by the average sales per month of the prior 12 months.

 

Leasing Management Forum

Thursday, October 27 | 10:00 a.m. to 12:00 p.m. | GFWAR Auditorium

Join Moderator Cindy Hoover and speakers Rob Kazen, Barbara McMasters, and Suzette Teague for the October forum on property management issues.
Topics for the forum include: 

  • Risk Management - Is Your Department Terminal?
  • Federal Regulations & Tenant Applications
  • Convert More Leads in a Hyper-Competitive Market
  • Inspecting Rental Properties
  • How to Build the Company Culture You Desire
  • Navigating the Treacherous Roads - Evictions & Damages and Animal Issues Q&A session
  • This event is free to all attendees and food will be provided. Click here to register.

    First Annual Affiliate Appreciation Roast

    Join us for good food, drink and fellowship as we "roast" our exceptional affiliates. There will be a photo booth and door prizes. Door prizes to be announced at a later date.

    RSVP to Dawn Marie Brown via email (This email address is being protected from spambots. You need JavaScript enabled to view it.) no later than October 14.