Fort Worth home sales increased 2.1 percent to 1,262 homes in May 2019. The median price for Fort Worth homes increased 4 percent year-over-year to $235,000 in May 2019.
"The statistics for May are very close to what we have been seeing all year," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS®. "Fort Worth is now the 13th largest city in the U.S., which I believe is contributing to the strength of our housing market.”
Fort Worth’s monthly housing inventory was 2.5 months in May 2019, 0.4 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 36 days on the market in May 2019, five days more than May 2018. Additionally, active listings increased 17.3 percent to 2,660 listings during the same time frame.
Flood Insurance Extension Update
(Updated: May 31, 2019)
What is the issue?
Without Congressional action, the National Flood Insurance Program (NFIP) will expire at midnight on June 14, 2019. NAR is working to avoid a lapse while Congress continues to negotiate over a long-term reauthorization and reform measure.
What's the latest?
Data from the Texas Homebuyers and Sellers Report is derived from the Profile of Homebuyers and Sellers Texas Report by the National Association of REALTORS®, which analyzes survey data from Texans who bought or sold a home between July and June. Click here to download the report and to view pervious reports.
Come learn the tried and true fundamentals to building and maintaining a career in real estate from successful REALTORS that have insight to share. The series is a four sessions of quantifiable information with a provided lunch plus Q&A to follow with each session’s speakers.
Give your fledgling REALTOR career some advancing knowledge momentum or your established REALTOR career a review for a boost of vitality. All year(s) of licensure are welcome!
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.