July 2017 Fort Worth Housing Report

Posted on by Red Team Real Estate

According to the Greater Fort Worth Association of Realtors, Fort Worth home sales raised 13.7 percent to 1,280 homes in July 2017. The median price for Fort Worth homes increased 11 percent year-over-year to $210,900 in July 2017.

Fort Worth’s monthly housing inventory was 2.3 months in July 2017, 0.2 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 are balanced.

Homes spent an average of 29 days on the market in July 2017, the same as July 2016. Additionally, active listings increased 12.8 percent to 2,352 listings during the same time frame.

July 2017 Statistics At-A-Glance

 

  • 1,280 – Homes sold in July 2017, 13.7 percent more than July 2016.
  • $210,900 – Median price in July 2017, 11 percent more than July 2016.
  • 3 – Monthly housing inventory in July 2017, 0.2 months more than July 2016.
  • 29 – Average number of days homes spent on the market in July 2017, the same as July 2016.
  • 2,352 – Active home listings on the market in July 2017, 12.8 percent more than July 2016.

July_2017_FW_Housing_Report

 

June 2017 Fort Worth Housing Report

Posted on by Red Team Real Estate

According to the Greater Fort Worth Assocaition of REALTORS, Fort Worth home sales raised 7.5 percent to 1,308 homes in June 2017. The median price for Fort Worth homes increased 10.8 percent year-over-year to $210,900 in June 2017.

Fort Worth’s monthly housing inventory was 2.3 months in June 2017, 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 61 days on the market in June 2017, six days less than June 2016. Additionally, active listings increased 21 percent to 2,291 listings during the same time frame.

June 2017 Statistics At-A-Glance

  •          1,308 – Homes sold in June 2017, 7.5 percent more than June 2016.
  •          $210,900 – Median price in June 2017, 10.8 percent more than June 2016.
  •          2.3 – Monthly housing inventory in June 2017, 0.4 months more than June 2016.
  •          61 – Average number of days homes spent on the market in June 2017, six days less than June 2016.
  •          2,291 – Active home listings on the market in June 2017, 21 percent more than June 2016.June_2017_FW_Housing_Report

May 2017 Fort Worth Housing Report.

Posted on by Red Team Real Estate

The Greater Fort Worth Association of Realtors released the May 2017 Fort Worth Housing Report this week. Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017.

Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less 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 are balanced.

Homes spent an average of 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame.

 May 2017 Statistics At-A-Glance

  • 1,174 – Homes sold in May 2017, 5.6 percent more than May 2016.
  • $211,000 – Median price in May 2017, 12.8 percent more than May 2016.
  • 2.0 – Monthly housing inventory in May 2017, 0.2 months less than May 2016.
  • 59 – Average number of days homes spent on the market in May 2017, five days less than May 2016.
  • 1,994 – Active home listings on the market in May 2017, 12 percent more than May 2016.
May 2017 Fort Worth Housing Report Infographic
May 2017 Fort Worth Housing Report