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Tuesday, October 20, 2020
Real Estate Fort Worth home sales decrease in September

Fort Worth home sales decrease in September

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Fort Worth home sales decreased 11.3 percent to 969 homes in September 2018. The median price for Fort Worth homes increased 9.2 percent year-over-year to $223,900 in September 2018.

“In September, we saw a larger decrease in sales than we have in a while,” said J.R. Martinez, 2018 President of the Greater Fort Worth Association of REALTORS. “Our active listings are still increasing, so this could help more potential homebuyers enter the market.”

Fort Worth’s monthly housing inventory was 2.6 months in September 2018, 0.3 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 September 2018, one day less than September 2017. Additionally, active listings increased 19.8 percent to 2,800 listings during the same time frame.

September 2018 Statistics At-A-Glance

• 969 – Homes sold in September 2018, 11.3 percent less than September 2017.

• $223,900 – Median price in September 2018, 9.2 percent more than September 2017.

• 2.6 – Monthly housing inventory in September 2018, .3 months more than September 2017.

• 32 – Average number of days homes spent on the market in September 2018, one day less than September 2017.

• 31 – Average number of days to close in September 2018, two days less than September 2017.

• 2,800 – Active home listings on the market in September 2018, 19.8 percent more than September 2017.

www.gfwar.org.

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