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Thursday, October 22, 2020
Real Estate Fort Worth home sales up 6.2 percent in March

Fort Worth home sales up 6.2 percent in March

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Fort Worth home sales increased 6.2 percent to 1,129 homes in March 2019. The median price for Fort Worth homes increased 4.1 percent year-over-year to $228,900 in March 2019.

“Now that the spring season is here, we are starting to see a larger increase in closed sales and active listings,” said Moiri Brown, 2019 president of the Greater Fort Worth Association of REALTORS. “This is a very popular time of year to buy or sell a home. For help navigating the market, reach out to a local Realtor.”

Fort Worth’s monthly housing inventory was 2.2 months in March 2019, 0.5 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 49 days on the market in March 2019, five days more than March 2018. Additionally, active listings increased 26.8 percent to 2,360 listings during the same time frame.

March 2019 Statistics At-A-Glance

• 1,129 – Homes sold in March 2019, 6.2 percent more than March 2018.

• $228,900 – Median price in March 2019, 4.1 percent more than March 2018.

• 2.2 – Monthly housing inventory in March 2019, 0.5 months more than March 2018.

• 49 – Average number of days homes spent on the market in March 2019, five days more than March 2018.

• 30 – Average number of days to close in March 2019, one day less than March 2018.

• 2,360 – Active home listings on the market in March 2019, 26.8 percent more than March 2018.

Click through the graphics to find information Tarrant, Parker and Johnson counties.

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