The Greater Fort Worth Association of Realtors released the May 2017 Fort Worth Housing Report this week. Fort Worth home sales raised 5.6 percent to 1,174 homes in May 2017. The median price for Fort Worth homes increased 12.8 percent year-over-year to $211,000 in May 2017. Fort Worth’s monthly housing inventory was 2.0 months in May 2017, 0.2 months less 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 are balanced. Homes spent an average of 59 days on the market in May 2017, five days less than January 2016. Additionally, active listings increased 12 percent to 1,994 listings during the same time frame. May 2017 Statistics At-A-Glance
- 1,174 – Homes sold in May 2017, 5.6 percent more than May 2016.
- $211,000 – Median price in May 2017, 12.8 percent more than May 2016.
- 2.0 – Monthly housing inventory in May 2017, 0.2 months less than May 2016.
- 59 – Average number of days homes spent on the market in May 2017, five days less than May 2016.
- 1,994 – Active home listings on the market in May 2017, 12 percent more than May 2016.
