69.5 F
Fort Worth
Saturday, September 26, 2020
- Advertisements -
Real Estate Fort Worth home sales fall 12 percent in December

Fort Worth home sales fall 12 percent in December

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...

Fort Worth home sales decreased 12.3 percent to 971 homes in December 2018. The median price for Fort Worth homes increased 3.7 percent year-over-year to $225,000 in December 2018.

“Like most of the country, we are seeing our sales slow down, and while prices continue to rise, it is at a more moderate rate,” said Moiri Brown, 2019 President of the Greater Fort Worth Association of REALTORS. “Our inventory has been increasing consistently which should encourage buyers to enter the market.”

Fort Worth’s monthly housing inventory was 2.0 months in December 2018, 0.4 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 48 days on the market in December 2018, four days more than December 2017. Additionally, active listings increased 22.5 percent to 2,154 listings during the same time frame.

December 2018 Statistics At-A-Glance

• 971 – Homes sold in December 2018, 12.3 percent less than December 2017.

• $225,000 – Median price in December 2018, 3.7 percent more than December 2017.

• 2.0 – Monthly housing inventory in December 2018, .4 months more than December 2017.

• 48 – Average number of days homes spent on the market in December 2018, four days more than December 2017.

• 32 – Average number of days to close in December 2018, one day less than December 2017.

• 2,154 – Active home listings on the market in December 2018, 22.5 percent more than December 2017.

- Advertisements -
- Advertisements -

Latest News

Shaddock continues growth with acquisiton of Utah title insurance agency

Plano-based Shaddock National Holdings on Sept. 25 continued its series of acquisitions by adding US Title, the largest privately held title insurance...

The Turney Group is now with ULTERRE-Christie’s International Real Estate

Walker Turney has announced formation of The Turney Group – the newest real estate group within ULTERRE, the...

Longtime Fort Worth brokerage joins Berkshire Hathaway HomeServices

Longtime Fort Worth independent brokerage, Alexander Chandler Realty, will join Berkshire Hathaway HomeServices, part of the HSF Affiliates LLC family of real...

New Master-Plan 1,000 home community set for Northlake

Taylor Morrison has announced The Ridge at Northlake, a new master-planned community located near Northlake in Denton County...

US homes sales rise 2.4% in August

By MATT OTT AP Business WriterSILVER SPRING, Md. (AP) — Sales of existing homes rose 2.4% in August to its highest level...