The hot housing market in Fort Worth might be starting to cool off a bit, but the recovery in inventory is going to be slow. Housing inventory levels for August were still historically low at 1.2 months, and buyers are still having to move quickly to buy a home.

Attention REALTORS®: Don’t forget to fulfill your NAR Code of Ethics Training Requirement by December 31, 2021.

Fort Worth saw an increase in inventory for the second month in a row in July, finally easing the supply crunch that has been plaguing eager homebuyers for much of 2021.

The GFWAR Educational Foundation awarded five graduating Fort Worth-area seniors with their annual scholarship. Elijah Bullard, Harsimran Kaur, Kaetlin Marsh, Bella Panganiban and Juana Vallejo each received $2,500 in funds to go toward their higher educational pursuits.

Sellers started to emerge in June, leading to an increase in inventory in Fort Worth. However, a backlog of eager homebuyers and low mortgage rates helped continue the upward trend of home prices, as the median price hit $300,000.

GFWAR welcomes Maribel Gallardo as the new Director of Advocacy and Community Affairs.

Home buyers in May paid 25 percent more for a house than they would have paid one year ago, according to the latest housing report data for Fort Worth. The median home price for May 2021 climbed to $295,000, setting another record high. 

The median Fort Worth home price held steady in April 2021 after months of climbing, but the lack of inventory did, too. The median price in April was $275,000, an increase of 13.4 percent year over year. 

Multiple offer situations continue to be the norm, as an unusual and highly competitive real estate market persisted into the spring. Homebuyers are struggling to find suitable options with only 0.9 months of inventory in Fort Worth and active listings down 55 percent from March 2020. 

In a virtual ceremony on Friday, April 9, the Greater Fort Worth Association of REALTORS® (GFWAR) recognized the following members for their unwavering dedication to advancing Fort Worth’s real estate industry.

Every April, REALTORS® around the country commemorate the passage of the Fair Housing Act of 1968 with events and education that shine a light on housing discrimination and segregation, and a recommitment to expanding equal access to housing. 

Inventory dropped to less than one month in Fort Worth during February 2021, as demand for houses continued to drive up prices in an unprecedented seller’s market in the DFW area.