"In December, Fort Worth experienced a notable increase in active listings, rising by 4.5% year-over-year to reach 2,555 homes. This growth, though modest compared to the national surge of 12.1%, was complemented by an impressive 12.6% rise in newly listed homes, totaling 698. This contrasted with the national decline of 1.8%, highlighting a vibrant level of seller activity. The boost in new listings contributed to the city's gradual inventory rise, showcasing a healthy seller environment that outpaced national trends."
"Fort Worth's median listing price remained steadfast, marking a slight increase of 0.5% year-over-year to $342,200. This contrasted with the national trend of a 0.6% price decrease, underscoring Fort Worth's firm market conditions. The share of price reductions in the city was 18.5%, with a marginal decrease of 0.05 percentage points from the previous year, reflecting unwavering seller confidence. Nationally, the share of price reductions edged upwards, highlighting broader market adjustments."
"In December, homes in Fort Worth spent an average of 65 days on the market, a 4.8% increase compared to the previous year. However, this was notably quicker than the national average of 73 days, which also saw a similar year-over-year increase of 5.0%. The brisker selling pace in Fort Worth underscored the city's relatively stronger demand, contrasting with the national scene where homes lingered longer before selling."
Fort Worth saw active listings rise 4.5% year-over-year to 2,555 homes in December. Newly listed homes increased 12.6% to 698, outpacing the national decline of 1.8% and signaling strong seller activity. The median listing price edged up 0.5% year-over-year to $342,200, while the share of price reductions was 18.5%, down 0.05 percentage points from a year earlier. Homes averaged 65 days on market, a 4.8% increase year-over-year but faster than the national average of 73 days. Overall inventory growth, steady pricing, and brisk sales reflected robust local demand and seller confidence.
Read at SFGATE
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