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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.

    Agent Boot Camp Training

    Wednesday, October 12 | 9:00 a.m. to 4:00 p.m. | GFWAR Auditorium

    The USA College of Real Estate, with instructor Patrick Alexander, is offering this training session to help you bulk up your business in 2017. This seminar, held in the GFWAR Auditorium, is free to all attendees and lunch will be provided.

    Learn how to:

    • Capture, convert and close FSBOs everyday; P.L.A.N 2014 (P=Prospecting; L=Listing; A=Appointment Setting; N=Negotiating Contracts)
    • 2017 Time Management - Build a Working Money Making Schedule
    • 2017 Business Plan - Get into the Business of the Business of Selling Real Estate
    • Generate a Great CMA

    Click here to register.

    Realtor Safety - A Must!

     

    Wednesday  | September 28 | 2:00 p.m. to 4:00 p.m. | GFWAR Auditorium

    Headliner Speaker: Carl L. Carter, Jr. - Safety Advocate & Educator

    Carl is the eldest son of slain REALTOR Beverly Carter.  During the course of her work, Beverly Carter was kidnapped and murdered in 2014.  Since his mother's death, Carl has proclaimed a mission of safety awareness in his mother's name.  Carl has spoken to many groups about his mother’s story and offers practical tips for staying safe.

    CE Instructor: Matt Tilley with Fidelity National Title

    Instructor for the class is a former REALTOR and Marine, Matt Tilley. As part of his trifecta of safety courses (CHL and self-defense), this class is designed to show the REALTOR how to have better situational awareness and avoid placing him or herself in dangerous situations. We will cover case studies of REALTORs who found themselves in dangerous, yet avoidable situations and paid dearly for it. From these case studies you will learn what to do if faced with the same set of circumstances or how to avoid them entirely. Click here to register.

    Course # 26356  Provider # 9889

    Credit: 1 non-legal CE hr

    Session Sponsors: Perma-Pier Foundation Repair of Texas, Nations Home Warranty, and Cendera Funding, Inc.