Fort Worth home sales decreased 7.2 percent to 983 homes in October 2018. The median price for Fort Worth homes increased 7.6 percent year-over-year to $220,000 in October 2018.
“We are continuing to see home sales decline,” said J.R. Martinez, 2018 President of the Greater Fort Worth Association of REALTORS®. “However, more homes are going up for sale. This could help first time homebuyers that have previously been kept out of the market.”
Fort Worth’s monthly housing inventory was 2.5 months in October 2018, .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 40 days on the market in October 2018, five days more than October 2017. Additionally, active listings increased 14.8 percent to 2,670 listings during the same time frame.
GFWAR and the Charter Schools Coalition have teamed up to educate Realtors on the FWISD Choice Schools and Charter School options in Tarrant County. Join us to discover the great public schools in our own backyard. Learn more about how Charter and Choice schools work and be able to pass that information along to your clients. Below are the schools we will be visiting. Click the links to register.
Registering a well with your Groundwater Conservation District is the only way to protect existing wells. Below is a list of the Groundwater Conservation Districts in this area. Each District utilizes their own specific forms. Forms can be obtained from the District websites for Well Registrations and Transfers. Please share this information with your clients to protect our groundwater.
If you weren’t able to watch live as Texas Association of REALTORS® COO Mike Barnett gave a walkthrough of the new MarketViewer data tool, the video is now available in an edited version. Watch the full tutorial or jump to explanations of specific features and questions. The video explains the background of the Data Relevance project and the MarketViewer tool, why reports may differ from what’s available through your local MLS, and how to use the infographic generator and access market reports in addition to answers questions from members like you.