FORT WORTH – Area home sales were up 12 percent year over year to 1,105 homes in December 2017. The median price increased 9.5 percent to $215,454.
“Despite being a slower time of year for real estate, the Fort Worth market finished the year strong with an increase in sales and listings," said J.R. Martinez, 2018 president of the Greater Fort Worth Association of Realtors. "We are still in a seller’s market and can expect that trend to continue in 2018.”
The city's monthly housing inventory was 1.6 months in December 2017, 0.1 months more than the year before. The Real Estate Center considers 6.5 months of inventory a balanced market.
Homes spent an average of 43 days on the market last month, two days more than December 2016. Active listings were up 12.5 percent to 1,745 listings during the same time.
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