Although this is double the inventory numbers seen at this time last year, it is still historically low. The Texas Real Estate Research Center at Texas A&M University states that 6.5 months of inventory would represent a balanced market. Meanwhile, the median home price in Fort Worth was at $336,250, which is an increase from … Read more
Although prices look similar to a year ago, inventory is higher. In January 2022, inventory was only 0.7 months, but in January 2023, it was up to 2.1 months – still low but providing many more options for prospective homebuyers. The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of … Read more
Perhaps as a result, home prices continued their slow climb, although they are still down from the spring 2022 prices. The median home price in Fort Worth was $340,000, a 7.4 percent decrease year over year, and Tarrant County was $356,500, a 5.1 percent decrease year over year. The Texas Real Estate Research Center at … 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 Johnson and Parker County, prices were up year over year, reflecting a national trend of increasing home prices. The median home price in Johnson County was up 6.7 percent year over year to $344,985. Parker County was up to $475,000, which is 10.2 percent higher than January of 2023. “Mortgage rates along with months … 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
“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
“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 of the Greater Fort Worth Association of REALTORS®. “We expect the inventory to stay low, but do think the summer selling season will be lengthened as schools delay … Read more
Inventory in Fort Worth held steady at 2.3 months, which is 1.4 months higher than a year ago, but still a market in which supply and demand are far from balanced. The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of inventory represents a balanced market. “This is a great … 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