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.
Wednesday, December 12 | 11:30 a.m. to 1 p.m. | Ridglea Country Club
Support a great cause and join the Greater Fort Worth Association of REALTORS® for its annual Holiday Party, benefiting the students at Greenbriar Elementary School in Fort Worth. Christmas Punch, Silent Auction and 12 days of Christmas sing-a-long are just a few of the highlights!
Cost: $25 for members and $30 for non-members if registered by 5 p.m. on Thursday, Dec. 6. Reservations received after the registration deadline or walk-ins the day of the event will be charged $30 for members and $35 for non-members & will be subject to meal availability. Tables may be purchased for $300. Tables seat 10. The deadline to purchase a table is 5 p.m. on December 6. Valet parking will be available. Attendees will need to bring a gift (marked boy or girl) or make a donation to the money tree!
GFWAR and the Charter Schools Coalition have teamed up to educate Realtors on the FWISD Choice Schools and Charter School options in Tarrant County. Join us to discover the great public schools in our own backyard. Learn more about how Charter and Choice schools work and be able to pass that information along to your clients. Below are the schools we will be visiting. Click the links to register.
Registering a well with your Groundwater Conservation District is the only way to protect existing wells. Below is a list of the Groundwater Conservation Districts in this area. Each District utilizes their own specific forms. Forms can be obtained from the District websites for Well Registrations and Transfers. Please share this information with your clients to protect our groundwater.
If you weren’t able to watch live as Texas Association of REALTORS® COO Mike Barnett gave a walkthrough of the new MarketViewer data tool, the video is now available in an edited version. Watch the full tutorial or jump to explanations of specific features and questions. The video explains the background of the Data Relevance project and the MarketViewer tool, why reports may differ from what’s available through your local MLS, and how to use the infographic generator and access market reports in addition to answers questions from members like you.
GFWAR now offers an Automatic Payment Option. You will now be able to set up your credit or debit card to automatically be charged for MLS dues, assocation dues, TREPAC investments, and/or miscellaneous charges such as REALTOR store purchases, advertising, and events tickets.