October 2019 Fort Worth Housing Report
Fort Worth home sales increased 5 percent to 1,062 homes in October 2019. The median price for Fort Worth homes increased 4.6 percent year-over-year to $230,000 in October 2019.
Fort Worth’s monthly housing inventory was 2.5 months in October 2019, the same as 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 46 days on the market in October 2019, five days more than October 2018. Additionally, active listings decreased 0.4 percent to 2,691 listings during the same time frame.
October 2019 Statistics At-A-Glance
- 1,062 – Homes sold in October 2019, 5 percent more than October 2018.
- $230,000 – Median price in October 2019, 4.6 percent more than October 2018.
- 2.5 – Monthly housing inventory in October 2019, the same as October 2018.
- 46 – Average number of days homes spent on the market in October 2019, 5 days more than October 2018.
- 32 – Average number of days to close in October 2019, one day less than October 2018.
- 2,691 – Active home listings on the market in October 2019, 0.4 percent less than October 2018.
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