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Housing report: Fort Worth home sales and listings down

🕐 1 min read

Fort Worth home sales decreased 0.9 percent to 1,253 homes in August 2019. The median price for Fort Worth homes increased 3.3 percent year-over-year to $228,000 in August 2019.

“We saw a slight slowdown in the market in August,” Moiri Brown, 2019 president of the Greater Fort Worth Association of REALTORS, said in a news release. “Lack of inventory and higher home prices are still presenting a challenge for home buyers in the market.”

Fort Worth’s monthly housing inventory was 2.6 months in August 2019, 0.1 months less than the year prior. The Real Estate Center at Texas A&M University says 6.5 months of inventory represents a market in which supply and demand for homes is balanced.

Homes spent an average of 36 days on the market in August 2019, three days more than August 2018. Additionally, active listings decreased 3.7 percent to 2,820 listings during the same time frame.

August 2019 statistics at a glance:

• 1,253 – Homes sold in August 2019, 0.9 percent less than August 2018.

• $228,000 – Median price in August 2019, 3.3 percent more than August 2018.

• 2.6 – Monthly housing inventory in August 2019, 0.1 months less than August 2018.

• 36 – Average number of days homes spent on the market in August 2019, three days more than August 2018.

• 32 – Average number of days to close in August 2019, one day more than August 2018.

• 2,820 – Active home listings on the market in August 2019, 3.7 percent less than August 2018.

www.gfwar.org

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