Inventory increased to 1.3 months, which is an improvement from the 0.9 months earlier this year, but significantly lower than the 2.0 months of July 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. The average number … Read more
Conversely, inventory was at 2.7 months for November, which is the highest it’s been all year and the continuation of a steady climb. As potential homebuyers enter the winter season, more options are available, and at lower prices. With days on the market at 45, there is also potentially more time for negotiations. “Due to … Read more
The inventory landscape continued to improve, climbing to 2.1 months in Fort Worth. Johnson County was at 2.9 months, and Parker County moved up to 3.3 months. Despite these increases, inventory is still far from where it needs to be. The Texas Real Estate Research Center at Texas A&M University cites that 6.5 months of … 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
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
The Texas Real Estate Research Center at Texas A&M University states that 6.5 months of inventory would represent a balanced market, so 2.4 months is still low. If homebuyers are fortunate enough to find a property that meets their needs, their next hurdles are usually tied to affordability. The median home price in Fort Worth … 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
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
Fort Worth home sales increased 28-percent year-over-year from July 2019 to 1,576 homes in July 2020. The median price for Fort Worth homes increased 6.9-percent year-over-year to $247,500. “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 … Read more
Fort Worth home sales increased 7.6 percent to 719 homes in January 2020. The median price for Fort Worth homes increased 1.9 percent year-over-year to $223,250 in January 2020. “The 2020 Fort Worth housing market is off to a good start,” said Shelby Kimball, 2020 President of the Greater FortWorth Association of REALTORS®. “Despite … Read more