Fort Worth home sales increase in July

FW Housing Report July 2018

After falling last month, Fort Worth home sales increased 1.9 percent to 1,288 homes in July 2018. The median price for Fort Worth homes increased 8.4 percent year-over-year to $229,900 in July 2018. In Tarrant County as a whole, home sales increased 3.9 percent over the previous year. 

“We continue to have a strong market and are finding the market is leveling,” said J.R. Martinez, 2018 President of the Greater Fort Worth Association of REALTORS. “It still continues to be a great time to purchase or sell a house.”

Fort Worth’s monthly housing inventory was is now 2.5 months, .2 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 29 days on the market in July 2018, the same as a year earlier. Additionally, active listings increased 15 percent to 2,697 listings during the same time frame.

- FWBP Digital Partners -

July 2018 Statistics At-A-Glance

• 1,288 – Homes sold in July 2018, 1.9 percent more than July 2017.

• $229,900 – Median price in July 2018, 8.4 percent more than July 2017.

• 2.5 – Monthly housing inventory in July 2018, .2 months more than July 2017.

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• 29 – Average number of days homes spent on the market in July 2018, the same as July 2017.

• 31 – Average number of days to close in July 2018, 3 days less than July 2017.

• 2,697 – Active home listings on the market in July 2018, 15 percent more than July 2017.