It’s finally getting easier to buy a house in Fort Worth. Here’s what the numbers say
After years of housing market horror stories — from cash-rich out-of-towners to homes with dozens of offers — it may finally be getting easier to purchase a home in Fort Worth.
Slowly but surely, there are more houses on the market.
According to data from the Greater Fort Worth Association of Realtors, listings have more than doubled since April, when there were 988 active listings. In July, there were 2,123 active listings, up 40.1% from last year at the same time.
Another way to measure the available homes to purchase is inventory.
Just since April, Fort Worth added one month of housing inventory. There were 1.9 months of inventory in July, up from 1.3 months a year before. According to the Texas Real Estate Research Center, six months of inventory represents a balanced market.
Prices are also stabilizing after surging throughout the pandemic.
The median price of homes sold in Fort Worth peaked at $367,000 in May. In July, it fell to $355,000.
“We are seeing a more normal ‘seasonal slowing’ in the market. It is taking just a bit longer for houses to sell, but make no mistake, houses are still selling,” said Shannon Ashkinos, president of the Greater Fort Worth Association of Realtors.
