Fort Worth’s housing market reached a 4.1-month supply in July, up 0.4 months year over year. That extra inventory helps to further balance the market, which has been steadily shifting over the past few months, according to the Greater Fort Worth Association of REALTORS®.
The association’s latest Fort Worth housing report shows that active listings rose 12.3% year over year, meaning increased options for area homebuyers.
“We are pleased to see the region shift to a more balanced market,” said GFWAR President Paul Epperley. “Having more inventory allows families to upgrade their homes and leaves room for first-time homebuyers to enter the market with a bit more negotiating power.”
Inventory is tightest in more affordable markets: Across the greater Fort Worth area, inventory was highest in Parker County with 5.9 months and a median home price of $470,000 (the highest in the region). Inventory was lowest in Tarrant County, with 3.9 months and a median home price of $350,000. A majority of the homes sold there fell in the $200,000 to $400,000 range.
