Fort Worth home sales increased 1.2 percent to 846 homes in February 2019. The median price for Fort Worth homes increased 4.3 percent year-over-year to $222,000 in February 2019.
"We are seeing a really steady increase in active listings," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS. "While prices continue to rise, it is at a much slower pace than previous years. Also, days on market are starting to increase, allowing buyers more time to go through the decision-making process.”
Fort Worth’s monthly housing inventory was 2.2 months in February 2019, 0.6 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 56 days on the market in February 2019, 13 days more than February 2018. Additionally, active listings increased 35.3 percent to 2,286 listings during the same time frame.
During 2018, Fort Worth home sales decreased 0.6 percent to 12,743 homes. The median price for Fort Worth homes increased 6.2 percent year-over-year to $220,260 in 2018.
“In the beginning of 2018, the Fort Worth housing market was continuing on the same trends we saw in 2017. However, towards the end of the year, we started seeing a shift in the market as sales slowed,” said Moiri Brown, 2019 President for the Greater Fort Worth Association of REALTORS®.
Fort Worth’s monthly housing inventory was 2.0 months in 2018, 0.4 months more than 2017. 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 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.