August 2017 Fort Worth Housing Report

Fort Worth home sales raised 2.2 percent to 1,229 homes in August 2017. The median price for Fort Worth homes increased 11.6 percent year-over-year to $212,000 in August 2017.

Fort Worth’s monthly housing inventory was 2.3 months in August 2017, 0.3 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 30 days on the market in August 2017, one day less than August 2016. Additionally, active listings increased 19.5 percent to 2,414 listings during the same time frame.

August 2017 Fort Worth Real Estate Statistics At-A-Glance
· 1,229 – Homes sold in August 2017, 2.2 percent more than August 2016.
· $212,000 – Median price in August 2017, 11.6 percent more than August 2016.
· 2.3 – Monthly housing inventory in August 2017, 0.3 months more than August 2016.
· 30 – Average number of days homes spent on the market in August 2017, one day less than August 2016.
· 2,414 – Active home listings on the market in August 2017, 19.5 percent more than August 2016.