FORT WORTH, Texas – May 11, 2018 – Fort Worth home sales increased 6.6 percent to 1,112 homes in April 2018. The median price for Fort Worth homes increased 7.3 percent year-over-year to $220,000 in April 2018.
“During April, we saw a much needed increase in active listings, but prices are still increasing,” said J.R. Martinez, 2018 President for the Greater Fort Worth Association of REALTORS®. “Working with a Realtor® is very important in the current market since homes aren’t staying on the market very long.”
Fort Worth’s monthly housing inventory was 2.0 months in April 2018, .2 months more than 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 37 days on the market in April 2018, eight days more than April 2017. Additionally, active listings increased 17.1 percent to 2,105 listings during the same time frame.
April 2018 Statistics At-A-Glance