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.