--Housing Report

Inventory dropped to a new record low in February as both Fort Worth and Tarrant County fell to 0.6 months. Prospective homebuyers still find themselves waiting for trends to change as prices continue to climb. The median home price in February was $333,099 in Fort Worth, a 23.4 percent increase from February of 2021.

Active listings were down more than 30 percent in Fort Worth in January, as inventory continued to sit at a record low of 0.7 months. The median home price was $325,000, a 25.5 percent increase over January of 2021.

Inventory numbers dropped in December 2021 to the lowest figures since the start of the pandemic. Inventory for both Fort Worth and Tarrant County was at 0.7 months. 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.

Inventory dropped once again in November as the real estate market headed into what is typically one of the slowest times of the year. Fort Worth inventory was at 0.9 months – the lowest level since May and 0.4 months less than November of 2020.

The housing market headed into the fall with continued low inventory and high home prices. Tarrant, along with Parker and Johnson Counties, all hit new highs on median home prices in October. The median price of a home in Fort Worth was $310,000, which is also a new high.

The median home price in Fort Worth for September was $305,000, a slight decrease from August, but still a 22 percent increase from September of 2020. Climbing home prices appear to be leveling out, but are still significantly higher year-over-year.