Median home prices reach record highs in Tarrant and Parker counties
The winter isn’t typically the housing market’s most robust season, but in this record-setting year, home prices in North Texas continue to climb.
The Greater Fort Worth Association of Realtors’ latest report shows median prices increased in November in Tarrant and Parker counties.
Parker County saw the steepest price climb: the median rose by nearly $15,000 to a $404,945 from October. The median home price in Tarrant County increased by $3,950 to $320,000. Both are records.
Prices fell in Johnson County, from $300,000 to $290,000.
In Fort Worth, the median price increased by $100 to $310,000.
Housing inventory dropped to 0.9 months in Tarrant County, 1.8 months in Parker County and 1.2 months in Johnson County. A supply of 6.5 months represents a balance of supply and demand, according to the Texas A&M Real Estate Research Center.
“Typically, sellers choose to wait at this time of year to list their homes, but with months of pent up demand and continued low inventory, this winter will be a busier time than usual for real estate,” said Elizabeth McCoy, 2021 President of the Greater Fort Worth Association of Realtors.
