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The increased demand means that home prices keep rising: The median price of a home in Fort Worth climbed to $275,000 in March, a 17 percent increase year over year. “The best plan for finding a home in this competitive market is simply to be prepared,” said Elizabeth McCoy, 2021 President of the Greater Fort … Read more
Although it’s moving in the right direction, an inventory of 0.7 months is still far from 6.5 months, which is the number that represents a market in which supply and demand for homes is balanced, according to the Texas Real Estate Research Center (TRERC) at Texas A&M University. Dr. Jim Gaines, research economist for TRERC, … Read more
Inventory continued to climb as home sellers who have been waiting for the right moment to list their homes started to make some moves. Fort Worth inventory in March was 2.7 months and Tarrant County was 2.6 months. Though the movement is in the right direction, the need for available homes is still great. The … Read more
In addition to the higher prices and increased sales, Fort Worth’s monthly housing inventory was down to 1.6 months, 1.0 month less 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. “Our lives have … Read more
“Across our area we are seeing extremely low inventory due to the pandemic and also a high volume of home owners refinancing at historically low interest rates.” said Shelby Kimball, 2020 President of the Greater Fort Worth Association of REALTORS®. “The low inventory will keep real estate prices rising as demand far exceeds supply. We … Read more
Fort Worth home sales increased 28-percent year-over-year from July 2019 to 1,576 homes in July 2020. The median price for Fort Worth homes increased 6.9-percent year-over-year to $247,500. “We are still seeing a bustling housing market, prices are rising, inventory is low and sales are happening at a brisk pace.” said Shelby Kimball, 2020 President … Read more
Fort Worth home sales increased 7.6 percent to 719 homes in January 2020. The median price for Fort Worth homes increased 1.9 percent year-over-year to $223,250 in January 2020. “The 2020 Fort Worth housing market is off to a good start,” said Shelby Kimball, 2020 President of the Greater FortWorth Association of REALTORS®. “Despite … Read more
During 2019, Fort Worth home sales decreased 1 percent to 12,846 homes. The median price for Fort Worth homes increased 3.6 percent year-over-year to $230,000 in 2019. “In 2019, we began to see the Fort Worth housing market stabilize,” said Shelby Kimball, 2020 President for the Greater Fort Worth Association of REALTORS®. Fort Worth’s … Read more
Fort Worth home sales decreased 0.9 percent to 1,000 homes in December 2019. The median price for Fort Worth homes increased 2.3 percent year-over-year to $233,000 in December 2019. “The December Fort Worth real estate numbers are similar to what we saw at the end of 2018,” said Shelby Kimball, 2020 President of the … Read more
Fort Worth home sales decreased 1.6 percent to 969 homes in November 2019. The median price for Fort Worth homes increased 6.5 percent year-over-year to $230,000 in November 2019. “Homes are not selling as quickly as they did in the beginning of the year,” said Moiri Brown, 2019 President of the Greater Fort Worth Association … Read more
