Fort Worth home sales increased 0.8 percent to 1,214 homes in August 2018. The median price for Fort Worth homes increased 2.7 percent year-over-year to $220,000 in August 2018.
“Based on the numbers from the last few months, our market appears to be leveling,” said J.R. Martinez, 2018 President of the Greater Fort Worth Association of REALTORS®. “Fort Worth still has a strong real estate market when compared with national numbers. The increased number of listings provides greater opportunities for buyers.”
Fort Worth’s monthly housing inventory was 2.6 months in August 2018, .3 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 32 days on the market in August 2018, three days more than August 2017. Additionally, active listings increased 19.4 percent to 2,804 listings during the same time frame.
Nominations must be submitted by September 14 to be considered for the October 5 awards.
This award is presented twice a year to property owners that have completed a project that enhances the surrounding area. The project could be residential or commercial, a rehab/remodel/rebuild of a structure that improves the surrounding area, or new construction in an area that will be revitalized through its addition to the neighborhood. The committee prefers that the work was done within the past 18 months. The awards will be presented to recipients at two Greater Fort Worth Association of Realtors luncheons, will receive recognition to all of our 3,500 members, and will be featured in a press release following the presentation. To nominate a property for the award, please complete the application below and submit no more than 12 before and after photos of the interior and exterior of the property with the application. Our committee is excited to see the amazing property that you nominate! For questions, contact Alyssa Born with GFWAR at 817-336-5165, ext. 112, or a.born@ gfwar.org.
Click here to access the Neighborhood Revitalization Award application.
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.