Adobe Stock
Fort Worth home sales decreased 0.9% to 1,000 in December, compared to the same month the prior year, while the median price for homes increased 2.3% to $233,000, the Greater Fort Worth Association of Realtors said Friday in its monthly report.
"The December Fort Worth real estate numbers are similar to what we saw at the end of 2018," Shelby Kimball, 2020 president of the association, said in a release. “There was a slight drop in listings and sales, but we are going into 2020 with a strong housing market.”
Fort Worth’s monthly housing inventory was two months in December 2019, the same as the year prior, the association said. The Real Estate Center at Texas A&M University considers 6.5 months of inventory representing a market in which supply and demand is balanced.
Homes had been on the market an average of 51 days in December, same as December 2018. Active listings decreased 0.1 percent to 2,165 listings during the same time frame.
Closings took an average 31 days to complete for December sales, one day less than in December 2018.
There were 2,165 active home listings on the market in December, 0.1% less than for the same month the prior year.