Fort Worth home sales decreased 8.2 percent to 1,200 homes in June 2019. The median price for Fort Worth homes increased 0.9 percent year-over-year to $230,000 in June 2019.
"The housing market in DFW is shifting," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS®. "While sales were down this month, we are still seeing steady activity. Prices also appear to be stabilizing.”
Fort Worth’s monthly housing inventory was 2.6 months in June 2019, 0.2 months more 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.
Homes spent an average of 33 days on the market in June 2019, four days more than June 2018. Additionally, active listings increased 5.3 percent to 2,786 listings during the same time frame.
On Friday, the Supreme Court issued its ruling in the case of Knick v. Township of Scott, a decision which NAR believes will lead state and local governments to be more thoughtful and deliberate when developing laws or regulations that could infringe on Americans’ private property rights.
Specifically, Knick v. Township of Scott declared that plaintiffs who have accused local governments of violating the Takings Clause of the U.S. Constitution may proceed directly in federal court rather than first litigating in local circuits, overturning a 34-year old precedent set by a 1985 Supreme Court ruling.
The Greater Fort Worth Association of REALTORS® is a professional trade association of over 3,000 licensed real estate agents and affiliate members.
Our members abide by a strict code of ethics and have access to a wide variety of business services that are not available to non-REALTORS®. This gives them a competitive edge in the marketplace, enabling them to provide superior services to buyers and sellers of real property.
Use this site to find a REALTOR® find out the current status of home sales or to compare home prices in a neighborhood in which you may be interested.