via GFWAR

Fort Worth’s housing supply grew in May amid increased listings and decreased sales, according to the latest report from the Greater Fort Worth Association of REALTORS®.

That evens the playing field for buyers in the area, who are steadily gaining the advantage as inventory grows.

Active listings increased 24.4% year over year, with 3,554 single-family homes on the market. Closings, meanwhile, decreased 9.8%, with 983 home sales during the month. Additionally, the median price increased 1.2% year over year to $339,000.

Given that sales pace, Fort Worth had a 4.1-month inventory in May, up from 3.2 months a year prior.

“The Fort Worth area has ample opportunities for buyers and sellers,” GFWAR President Paul Epperley said in a press release. “We are experiencing a stabilization of the housing market, opening opportunities for first-time homebuyers, but also allowing most homebuyers to take a more measured approach to the transaction.”

Epperley added that while the market is still competitive in areas, most buyers will have time to weigh their options thanks to the increased inventory.