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.

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.

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.

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. 

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.

Pent-up demand among homebuyers continued to increase in the new year, as housing inventory in Fort Worth held steady at historically low levels with just one month of available inventory in January 2021.

A new house was on the Christmas wish list for a lot of families, as the December Housing Report showed continued increased closed sales through the end of 2020. Pent-up demand led to a 23.4 percent increase year-over-year in Fort Worth home purchases, even as housing prices continued to rise. The median price for Fort Worth homes is now $258,900.

In the midst of economic uncertainty in the last quarter of 2020, the November Housing Report shows a continued strong real estate market. The median price for Fort Worth homes increased 11.1 percent year-over-year to $255,450 in November 2020. Fort Worth home sales also increased 10.8 percent during the same time frame.

The October Housing Report shows no sign of a slow down for the real estate market moving into the fall. The median price for Fort Worth homes increased 9.9 percent year-over-year to $255,000 in October 2020. Fort Worth home sales also increased 22.3 percent during the same time frame.

The median price for Fort Worth homes increased 8.9 percent year-over-year to $250,000 in September 2020. Fort Worth home sales also increased 21.3 percent during the same time frame.

Fort Worth home sales increased 8.3 percent from August 2019 to 1,331 homes in August 2020. Fort Worth’s monthly housing inventory was 1.8 months, 0.9 months less than the year prior.

Fort Worth home sales increased 28-percent year-over-year from July 2019 to 1,576 homes in July 2020. The median price for Fort Worth homes increased 6.9-percent year-over-year to $247,500. 

Fort Worth home sales increased 14.7-percent year-over-year from June 2019 to 1,377 homes in June 2020. The median price for Fort Worth homes increased 4.6-percent year-over-year to $245,750. Both sales and active listings were up from April 2020.

Fort Worth home sales decreased 27.7-percent year-over-year from May 2019 to 935 homes in May 2020. The median price for Fort Worth homes decreased .5-percent year-over-year to $234,900. However, both sales and active listings were up slightly from April 2020.

Fort Worth home sales decreased 24.1-percent to 903 homes in April 2020. The median price for Fort Worth homes increased 6.3-percent year-over-year to $240,811 in April 2020.