In addition, housing prices remained steady, with only Tarrant County posting an increase from May with a median price of $360,000 in June, a 4.1 percent decrease year over year. Fort Worth’s median price was $338,000, a 6.7 percent decrease from 2022. Despite lower prices and higher inventory year over year, closed sales were down … Read more
The median price for Fort Worth homes increased 8.9 percent year-over-year to $250,000 in September 2020. Fort Worth home sales also increased 21.3 percent during the same time frame. 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 … 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
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
Listings were on the market for an average of 23 days in Fort Worth, an increase from just 18 days in August. However, inventory was still historically low at 1.2 months in September. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand … 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
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
Although this median price indicates a continuation of a steady decline in housing prices, it is still an 11.5 percent increase from September 2021, and a 36 percent increase from September of 2020. Inventory hasn’t been moving upwards as fast as the experts had hoped. Inventory in Fort Worth climbed to 2.2 months, and in … 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
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