Each Spring we see a rise in the home buying market, and this year is no different! The upward trend continues, with the number of homes sold increasing, as well as the median price! The only decrease we see is the inventory and the number of days any given home will remain on the market.
To be exact, Fort Worth home sales were up 3.2% and the median price increased by 13%…just in February alone. Homes spent an average of 40 days on the market in February, 11 days less than this time last year. Additionally, active listings decreased 4.1%.
Fort Worth February 2017 Real Estate Statistics At-A-Glance:
806 – Homes sold in February 2017
$195,000 – Median price in February 2017
1.6 – Monthly housing inventory in February 2017, 0.1 months less than February 2016.
40 – Average number of days homes spent on the market in February
1,621 – Active home listings on the market in February 2017
If you’ve considered selling and would like to find out the value of your home, please feel free to reach out!