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1. They Know How to Accurately Price a Home While anyone can spend a few minutes online and pull information on sales of comparable houses, Realtors® also have the experience to know whether a specific house is overpriced or underpriced based on the current market conditions, the desirability of the neighborhood, and the … Read more
“As expected, due to stay at home guidance, closed sales are down by almost one fourth compared to last year.” said Shelby Kimball, 2020 President of the Greater Fort Worth Association of REALTORS®. “However, active listings declined less than 3% and prices rose by 6.2% We expect prices to remain stable or rise, and as … Read more
Active listings were up 25.4 percent in Fort Worth and 28.7 percent in Tarrant County. However, closed sales were down 2.2 percent in Fort Worth and 4.1 percent in Tarrant County. Inventory has been steadily climbing over the last several months to 2.5 months in Fort Worth and 2.4 in Tarrant County. The Texas Real … Read more
· Shelby Kimball, Kimball Real Estate | Charles McMillan REALTOR® of the Year Award · LaToya Williams, RJ Williams & Company | Marie and Dayton Sheridan REALTOR® Spirit Award · Alexis “Sparkles” Belt, Green Scene Home Inspections | Affiliate of the Year Award · Joan Trew, Williams … Read more
Also down at the end of 2023 was inventory. Fort Worth was at 2.3 months, which decreased from 2.7 months in November but was up slightly year over year. The Texas Real Estate Research Center at Texas A&M University states that 6.5 months of inventory would represent a balanced market, so more homes are still … Read more
The 0.6 months of inventory number is a stark contrast to 6.5 months of inventory, 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 at Texas A&M University. “We have an intense buyer competition going on with an incredibly … Read more
Fort Worth median home prices are now up to $270,000, a 14.9 percent increase from February 2020. Meanwhile, active listings are down 57.1 percent year over year. “Low inventory is affecting us locally as well as statewide, leading to some serious buyer competition in most segments of our market,” said Elizabeth McCoy, 2021 President of … Read more
In Tarrant, Parker, and Johnson County, the median price increase was about 6 percent year-over-year. Inventory, which had grown steadily over the course of the year, leveled out at 2 months in Tarrant County and 2.1 months in Fort Worth. The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of … Read more
Inventory for Fort Worth was at its highest in 2021 in July, at 1.3 months, which is still in the realm of historically low numbers. Frustrated homebuyers are hoping things look up in the new year. “We are starting out 2022 with new record lows of available inventory,” said Shannon Ashkinos, 2022 President of the … Read more
Inventory stayed at 0.9 months, which was 1.4 months less than April 2020. 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. “More sellers are starting to emerge, but so are more buyers looking to take advantage of … Read more