Friday, January 28, 2022
33.2 F
Fort Worth

Fort Worth home sales decrease in September

🕐 1 min read

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.

Related Articles

Our Digital Sponsors

Latest Articles

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

This field is for validation purposes and should be left unchanged.