--Housing Report

October saw continued decreases in the housing market in Fort Worth, with the median price, number of active listings, and number of closed sales all down year over year. The median Fort Worth home price was $330,000.

Stable prices and increasing inventory were the highlights of the September housing market. The median Fort Worth home price was $334,450, which is down 1.6 percent year over year.

Housing inventory continued its upward climb in August in Fort Worth. With 2.4 months of inventory, the number of houses on the market was at its highest so far in 2023, giving potential homebuyers more options.

The median home price in Fort Worth in July was $329,450, a 7.2 percent decrease from July 2022. The median price in Tarrant County of $355,000 was down 4.8 percent year over year.

The June housing report numbers showed positive signs in the greater Fort Worth area, but prospective home buyers are still facing challenges. Inventory climbed to 2.2 months in Fort Worth and 2.1 months in Tarrant County. Johnson and Parker Counties also showed inventory increases.

Inventory in Fort Worth was static for the third month in a row with only 2 months of inventory in March, April, and May. As a busy spring and summer for real estate ramped up, prospective homebuyers felt the pinch of a limited number of listings.