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
Inventory is now 1.9 months in Fort Worth and Tarrant County, a 0.6 month increase from July of 2021. The Texas Real Estate Research 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. In addition, active listings in July in Fort … 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
As the mortgage rates have creeped up over the last several weeks to just shy of 7 percent once again, the lower prices have been a positive sign for those trying to get into a home. Inventory has held steady at just above 2 months in both Fort Worth and Tarrant County. Johnson County is … 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
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
In addition to the higher prices and increased sales, Fort Worth’s monthly housing inventory was down to 1.3 months, 1.1 months 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. “The numbers can … 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
The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of inventory represents a balanced market, which means inventory is still extremely low. Compared to last year, when mortgage rates were much lower and buyers were in a panic to get into a home, the 2023 buyer is having a very … Read more
“The bump in sales we’ve seen in June is great news and I do think we can continue to see that ebb and flow in the coming months,” said Shelby Kimball, 2020 President of the Greater Fort Worth Association of REALTORS®. “Due to limited inventory, sellers have a fair chance of listing their homes and … Read more
