Fort Worth home sales decreased 12.3 percent to 971 homes in December 2018. The median price for Fort Worth homes increased 3.7 percent year-over-year to $225,000 in December 2018.
"Like most of the country, we are seeing our sales slow down, and while prices continue to rise, it is at a more moderate rate," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS. "Our inventory has been increasing consistently which should encourage buyers to enter the market."
Fort Worth’s monthly housing inventory was 2.0 months in December 2018, .4 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 48 days on the market in December 2018, four days more than December 2017. Additionally, active listings increased 22.5 percent to 2,154 listings during the same time frame.
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.