I am a proud member of the Greater Fort Worth Association of REALTORS®. They have released the April 2018 Fort Worth housing market report, including a news release and accompanying infographics. Here’s a first look at the data:
Fort Worth home sales increased 6.6 percent to 1,112 homes in April 2018. The median price for Fort Worth homes increased 7.3 percent year-over-year to $220,000 in April 2018.
Fort Worth’s monthly housing inventory was 2.0 months in April 2018, .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 37 days on the market in April 2018, eight days more than April 2017. Additionally, active listings increased 17.1 percent to 2,105 listings during the same time frame.
April 2018 Statistics At-A-Glance
1,112 – Homes sold in April 2018, 6.6 percent more than April 2017.
$220,000 – Median price in April 2018, 7.3 percent more than April 2017.
2.0 – Monthly housing inventory in April 2018, .2 months more than April 2017.
37 – Average number of days homes spent on the market in April 2018, 8 days more than April 2017.
32 – Average number of days to close in April 2018, 1 day less than April 2017.
2,105 – Active home listings on the market in April 2018, 17.1 percent more than April 2017.
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