Inventory also dropped in Tarrant, Johnson, and Parker Counties, as homebuyers searched throughout the area for available homes. 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. “Typically, sellers choose to wait at this time of year to … Read more
Inventory continued its climb to 2.8 months in Fort Worth, which is up 0.8 months from April of 2023. Mortgage rates were up as well, as 30-year fixed rate mortgages sat above 7 percent for much of the past month, creating a challenging affordability landscape for some home buyers. “Spring is a historically busy time … Read more
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
In addition to the higher prices and increased sales, Fort Worth’s monthly housing inventory was down to 1.5 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. “Due largely to … 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
Although the speed of home price increases has slowed, other indicators like inventory and days on market reveal a pent up demand continues to persist in the market. This means challenges for homebuyers. According to a survey from the National Association of Home Builders, in the third quarter, 66% of active homebuyers said they spent … Read more
The median home price in Fort Worth is up to $306,000, a 23.5 percent increase from August of 2020. Prices continued to climb in Fort Worth and Johnson County, but decreased slightly in Tarrant and Parker Counties, showing another sign of the market easing. “Inventory levels bottomed out earlier in the year and are slowly … Read more
This is 1.1 months less than one year ago, when 2020 started out with already low numbers. 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 demand has driven Fort Worth median home prices up to $259,900, … 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
Inventory in Fort Worth grew to 2.3 months. Though still nowhere near a normal market – 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 – the current inventory is 1.7 months more than the historic … Read more
