Fort Worth home sales decreased 12.3 percent to 971 homes in December 2018. The median price for Fort Worth homes increased 3.7 percent year-over-year to $225,000 in December 2018.
"Like most of the country, we are seeing our sales slow down, and while prices continue to rise, it is at a more moderate rate," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS. "Our inventory has been increasing consistently which should encourage buyers to enter the market."
Fort Worth’s monthly housing inventory was 2.0 months in December 2018, .4 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 48 days on the market in December 2018, four days more than December 2017. Additionally, active listings increased 22.5 percent to 2,154 listings during the same time frame.
Wednesday, February 6 | 5 to 9 p.m. | National Cowgirl Museum and Hall of Fame
Join GFWAR for our annual Realtor® Night at the Fort Worth Stock Show and Rodeo! We will kick off the night at 5 p.m. in the National Cowgirl Museum and Hall of Fame with food from Coburn Catering and a cash bar. Then, we will head over to the Will Rogers Coliseum at 7:30 p.m. for the Fort Worth Stock Show & Rodeo. Only 250 tickets are available! Get your tickets before they’re gone!
Wednesday, December 12 | 11:30 a.m. to 1 p.m. | Ridglea Country Club
Support a great cause and join the Greater Fort Worth Association of REALTORS® for its annual Holiday Party, benefiting the students at Greenbriar Elementary School in Fort Worth. Christmas Punch, Silent Auction and 12 days of Christmas sing-a-long are just a few of the highlights!
Cost: $25 for members and $30 for non-members if registered by 5 p.m. on Thursday, Dec. 6. Reservations received after the registration deadline or walk-ins the day of the event will be charged $30 for members and $35 for non-members & will be subject to meal availability. Tables may be purchased for $300. Tables seat 10. The deadline to purchase a table is 5 p.m. on December 6. Valet parking will be available. Attendees will need to bring a gift (marked boy or girl) or make a donation to the money tree!
GFWAR and the Charter Schools Coalition have teamed up to educate Realtors on the FWISD Choice Schools and Charter School options in Tarrant County. Join us to discover the great public schools in our own backyard. Learn more about how Charter and Choice schools work and be able to pass that information along to your clients. Below are the schools we will be visiting. Click the links to register.
Registering a well with your Groundwater Conservation District is the only way to protect existing wells. Below is a list of the Groundwater Conservation Districts in this area. Each District utilizes their own specific forms. Forms can be obtained from the District websites for Well Registrations and Transfers. Please share this information with your clients to protect our groundwater.
If you weren’t able to watch live as Texas Association of REALTORS® COO Mike Barnett gave a walkthrough of the new MarketViewer data tool, the video is now available in an edited version. Watch the full tutorial or jump to explanations of specific features and questions. The video explains the background of the Data Relevance project and the MarketViewer tool, why reports may differ from what’s available through your local MLS, and how to use the infographic generator and access market reports in addition to answers questions from members like you.