The 2013 Fort Worth area real estate market experienced the best news it has had since late 2007. Most all numbers, including sales and prices, were up from there same period as compared to the 2012 market. The first quarter of 2013 started off slow, but it made stronger gains as the year progressed.
While these numbers pertain to Ft. Worth in particular, they should be very close for the cities of Aledo, Burleson, Granbury, and Weatherford as well. These cities tend to share similar results in both good and bad markets, and the outlying cities tend to feed off of the Ft. Worth market. In fact, these cities did enjoy similar results as Fort Worth for 2013.
Good News for Home Sellers!
The average home sales price in Ft. Worth for the fourth quarter of 2013 was just over $151,300. It went to $153,800 for the first quarter of 2013, $165,885 for the second quarter, $169,944 for the third quarter, and $165,366 for the fourth quarter. That’s almost a 10% jump for the year, which is very strong for the Fort Worth area real estate market.
The median price jumped from $120,000 to $135,000 for the same one year period. The housing unit sales were 2163 for the fourth quarter of 2012, jumped to 3082 for the second quarter of 2013, before falling to 2513 during the final quarter. Ft. Worth also went from a 4.3 to a 3.2 months supply of homes on the market during the same period.
Fort Worth Area Real Estate Market Summary
All in all, this is great news for all local real estate markets touching Fort Worth. Keep watching for more reports on the Burleson real estate market, Crowley real estate market, Granbury real estate market, and Weatherford real estate market.