The Texas Association of REALTORS® Relief Fund helps people who've suffered losses due to natural disasters in Texas. Currently, the fund is accepting applications from individuals who (i) have suffered damage to their property or (ii) have been displaced (either temporarily or permanently), as a result of the severe weather and flooding event which began August 25, 2017. Donate now to help the victims of Hurricane Harvey. Click here to donate or apply for assistance.
Fort Worth home sales raised 2.2 percent to 1,229 homes in August 2017. The median price for Fort Worth homes increased 11.6 percent year-over-year to $212,000 in August 2017.
Fort Worth’s monthly housing inventory was 2.3 months in August 2017, 0.3 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 30 days on the market in August 2017, one day less than August 2016. Additionally, active listings increased 19.5 percent to 2,414 listings during the same time frame.
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.”
Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017.
Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less 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 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame.