During 2018, Fort Worth home sales decreased 0.6 percent to 12,743 homes. The median price for Fort Worth homes increased 6.2 percent year-over-year to $220,260 in 2018.
“In the beginning of 2018, the Fort Worth housing market was continuing on the same trends we saw in 2017. However, towards the end of the year, we started seeing a shift in the market as sales slowed,” said Moiri Brown, 2019 President for the Greater Fort Worth Association of REALTORS®.
Fort Worth’s monthly housing inventory was 2.0 months in 2018, 0.4 months more than 2017. 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 37 days on the market in 2018, three days more than 2017. Additionally, active listings increased 14.5 percent to 2,325 listings during the same time frame.
“It’s been predicted housing inventory will rise in 2019, which will help ease the bidding wars we regularly saw in 2018,” said Brown. ““However, housing affordability may present an obstacle for first time buyers attempting to enter the market. This is where a Realtor® comes in. We are here to help all buyers and sellers make the best of the current market.”
Fort Worth home sales decreased 13.5 percent to 655 homes in January 2019. The median price for Fort Worth homes increased 5.4 percent year-over-year to $216,500 in January 2019.
"2019 started with the same trends we saw at the end of 2018," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS. "Prices are still rising, but at a slower rate. We also have more homes for sale, although inventory is still low."
Fort Worth’s monthly housing inventory was 2.1 months in January 2019, 0.5 months more than the year prior. 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 55 days on the market in January 2019, ten days more than January 2018. Additionally, active listings increased 30 percent to 2,258 listings during the same time frame.
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members
Like finding the right house, selecting a REALTOR® you can trust and comfortably work with is paramount. Just as you wouldn't be casual in the selection of your doctor or your attorney, you shouldn't take the selection of your REALTOR® lightly. Indeed, the best way to find such a professional is through recommendations from family and friends. Of course, you should interview several REALTORS® before you choose one. If you're selling your home, you should ask the candidates how they plan to market your home, what pricing advice they can offer, and what other suggestions they can provide to further enhance the desirability of your home.
The sales dollar volume of international home purchases in Texas totaled $18.66 billion from April 2016 to March 2017, according to the Texas International Homebuyers Report released today by the Texas Association of REALTORS®. Sales dollar volume from foreign homebuyers nearly doubled compared to the previous period of April 2015 to March 2016.
Texas ranked second in the nation for international home sales volume, with 34,135 home purchases by foreign buyers (a 59% increase over the previous period). Texas accounted for 12% of the 284,455 international home sales nationwide.
“This surge in international home sales activity underscores the growing reputation Texas has as a global destination for owning a home or investment property,” says Vicki Fullerton, chairman of the Texas Association of REALTORS®. “The state’s low unemployment, diverse industry base, and world-class higher education institutions are just some of the reasons why international residents seek to attend college, raise a family, or do business in Texas.”