43.7 F
Fort Worth
Wednesday, October 28, 2020
Real Estate Fort Worth home sales down 1% in 2019

Fort Worth home sales down 1% in 2019

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

During 2019, Fort Worth home sales decreased 1 percent to 12,846 homes. The median price for Fort Worth homes increased 3.6 percent year-over-year to $230,000 in 2019.

“In 2019, we began to see the Fort Worth housing market stabilize,” said Shelby Kimball, 2020 President for the Greater Fort Worth Association of REALTORS.

Fort Worth’s monthly housing inventory was 2.0 months in 2019, the same as 2018. 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 2019, six days more than 2018. Additionally, active listings increased 8 percent to 2,572 listings during the same time frame.

“This shift in the market is beneficial to buyers that were previously outbid and priced out,” said Kimball. “However, housing affordability and low inventory are still obstacles for buyers, especially first time buyers. Realtors® can help buyer and sellers navigate our current market and get the best deal possible.”

2019 Year-End Statistics At-A-Glance

• 12,846 – Homes sold in 2019, 1 percent less than 2018.

• $230,000 – Median price in 2019, 3.6 percent more than 2018.

• 2.0 – Monthly housing inventory in 2019, the same as 2018.

• 44 – Average number of days homes spent on the market in 2019, six days more than 2018.

• 32 – Average number of days to close in 2019, the same as 2018.

• 2,572 – Active home listings on the market in 2019, 8 percent more than 2018.

Latest News

VanTrust building 75-acre logistics hub in South Fort Worth

VanTrust Real Estate LLC, a full-service commercial real estate development company, recently broke ground on a 75-acre Fort Worth Logistics Hub in...

Camp Bow Wow acquires building in Fort Worth

Acting on a lender's behalf, Bradford Commercial Real Estate Services has sold a 10,000-square foot retail building in east Fort Worth to...

S&P CoreLogic Case-Shiller: US home prices up 5.2% in August

By PAUL WISEMAN AP Economics WriterWASHINGTON (AP) — U.S. home prices posted a robust gain in August — another sign that the...

Arlington home prices increase in 3Q

The median price for Arlington homes increased 7% year-over-year to $247,500 for the third quarter of 2020. Arlington home...

JLL names new lead for South Central Region PDS

JLL announced Brad Carbo as the new South Central Region Project and Development Services (PDS) lead on Oct. 27. In his new...