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.