Fort Worth home sales decreased 3.6 percent to 951 homes in November 2018. The median price for Fort Worth homes increased 2.8 percent year-over-year to $215,000 in November 2018.
“It is not uncommon for the housing market to be slower this time of year,” said J.R. Martinez, 2018 President of the Greater Fort Worth Association of REALTORS®. “Our sales are still going down, but we are starting to see more homes go on the market.”
Fort Worth’s monthly housing inventory was 2.4 months in November 2018, .4 months more than the year prior. The Real Estate Center at Texas A&M University cites that 6.5 months of inventory represents a market in which supply and demand for homes is balanced.
Homes spent an average of 44 days on the market in November 2018, seven days more than November 2017. Additionally, active listings increased 21.7 percent to 2,521 listings during the same time frame.
The Greater Fort Worth Association of REALTORS® is a professional trade association of over 3,000 licensed real estate agents and affiliate members.
Our members abide by a strict code of ethics and have access to a wide variety of business services that are not available to non-REALTORS®. This gives them a competitive edge in the marketplace, enabling them to provide superior services to buyers and sellers of real property.
Use this site to find a REALTOR® find out the current status of home sales or to compare home prices in a neighborhood in which you may be interested.