GFWAR installed their 2023 Board of Directors and elected Bart Calahan of Roots Real Estate Co. to lead as 2023 GFWAR President. The Association celebrated at its annual installation event on Friday, January 13.

Decreasing home prices hit the breaks in December, in what is typically a quiet month for the real estate industry. The median price in Fort Worth ended the year with a slight increase to $340,000–a $15,000 increase in the median price since January 2022, and a 4.9 percent increase year-over-year.

November closed sales were down more than 30 percent year over year in Fort Worth and Tarrant County. The median home price in Fort Worth dropped to $333,009, a return to numbers not seen since February, but a 7.4 percent increase from November 2021.

Congratulations to the GFWAR members that have received their C2EX Endorsement.

In October, inventory continued a slow increase while housing prices remained steady in the Fort Worth area. The median home price in Fort Worth was $341,000, a 10 percent increase year over year.

The housing market in Fort Worth continued its cool down, with the median home price in Fort Worth decreasing to $340,000 in September.

Home prices in the greater Fort Worth area continued their steady decline in August. The median home price in Fort Worth was $350,000. This is down from $367,000 in May, but still a 15.4 percent increase from August of 2021 – well above the normal amount of year-over-year appreciation.

The GFWAR Nominating Committee is pleased to announce the 2023 Slate of GFWAR Officers and Directors, which will be voted on at the GFWAR Annual Membership Meeting.

The City of Fort Worth is considering an update to the regulations regarding short-term rentals. The Greater Fort Worth Association of REALTORS® Board of Directors recently sent a letter to the Mayor and City Council expressing their position on this issue.

The market appears to be stabilizing in the greater Fort Worth area and nationwide, as price increases slow and inventory continues to rise. The average price of a home in July in Fort Worth was $355,000 – still a 17.9 percent increase year over year, but a decrease from May and June’s prices. 

Price increases slowed and inventories rose in June in the greater Fort Worth area, as the hot housing market finally started to hit the brakes. Inventory in June jumped to 1.6 months, a .5 month increase from last month, and a .5 month increase from June of 2021.

The GFWAR Educational Foundation awarded scholarships to three Fort Worth-area high school seniors. Abigail Goodwin, Alondra Oropeza, and Aliyah Vallejo each received $2,500 in funds to go toward their higher educational pursuits.