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.
Fort Worth home sales increased 2.1 percent to 1,262 homes in May 2019. The median price for Fort Worth homes increased 4 percent year-over-year to $235,000 in May 2019.
"The statistics for May are very close to what we have been seeing all year," said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS®. "Fort Worth is now the 13th largest city in the U.S., which I believe is contributing to the strength of our housing market.”
Fort Worth’s monthly housing inventory was 2.5 months in May 2019, 0.4 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 36 days on the market in May 2019, five days more than May 2018. Additionally, active listings increased 17.3 percent to 2,660 listings during the same time frame.
The National Association of REALTORS® (NAR) worked throughout the tax reform process to preserve the existing tax benefits of homeownership and real estate investment, as well to ensure as many real estate professionals as possible would benefit from proposed tax cuts. Many of the changes reflected in the final bill were the result of the engagement of NAR and its members
Like finding the right house, selecting a REALTOR® you can trust and comfortably work with is paramount. Just as you wouldn't be casual in the selection of your doctor or your attorney, you shouldn't take the selection of your REALTOR® lightly. Indeed, the best way to find such a professional is through recommendations from family and friends. Of course, you should interview several REALTORS® before you choose one. If you're selling your home, you should ask the candidates how they plan to market your home, what pricing advice they can offer, and what other suggestions they can provide to further enhance the desirability of your home.
The sales dollar volume of international home purchases in Texas totaled $18.66 billion from April 2016 to March 2017, according to the Texas International Homebuyers Report released today by the Texas Association of REALTORS®. Sales dollar volume from foreign homebuyers nearly doubled compared to the previous period of April 2015 to March 2016.
Texas ranked second in the nation for international home sales volume, with 34,135 home purchases by foreign buyers (a 59% increase over the previous period). Texas accounted for 12% of the 284,455 international home sales nationwide.
“This surge in international home sales activity underscores the growing reputation Texas has as a global destination for owning a home or investment property,” says Vicki Fullerton, chairman of the Texas Association of REALTORS®. “The state’s low unemployment, diverse industry base, and world-class higher education institutions are just some of the reasons why international residents seek to attend college, raise a family, or do business in Texas.”