Fort Worth price distribution numbers reflect poor performance in 2009
February 12, 2010
The price distributions for Fort Worth’s real estate market tell one story: the market is down, way down. Homes under $39,999 experienced double digit increases in numbers sold, but the other price points all have negative growth. The growth double digit in 70 percent of the cases, too.
| Price Range | Percent Distribution | # of Sales | |||
| 2008 | 2009e | 2008 | 2009* | Change | |
| $29,999 or less | 4.2 | 5 | 404 | 421 | 4.31% |
| 30,000 - 39,999 | 2.9 | 4.2 | 279 | 354 | 26.90% |
| 40,000 - 49,999 | 3.3 | 3.8 | 317 | 320 | 0.89% |
| 50,000 - 59,999 | 3.6 | 4.1 | 346 | 346 | -0.21% |
| 60,000 - 69,999 | 4.7 | 4.2 | 452 | 354 | -21.70% |
| 70,000 - 79,999 | 5.6 | 5 | 539 | 421 | -21.77% |
| 80,000 - 89,999 | 6.3 | 6.8 | 606 | 573 | -5.43% |
| 90,000 - 99,999 | 7.4 | 7.4 | 712 | 624 | -12.38% |
| Under 100k | 38 | 40.5 | 3,655 | 3,413 | -6.62% |
| 100k - 119,999 | 14.1 | 14.4 | 1,356 | 1,214 | -10.52% |
| 120k - 139,999 | 13.3 | 13 | 1,279 | 1,096 | -14.36% |
| 140k - 159,999 | 8.7 | 7.6 | 837 | 641 | -23.46% |
| 100k - 160k | 36.1 | 35 | 3,472 | 2,950 | -15.05% |
| 160k - 179,999 | 5.7 | 4.9 | 548 | 413 | -24.68% |
| 180k - 199,999 | 3.8 | 3.7 | 366 | 312 | -14.69% |
| 200k - 249,999 | 6.1 | 5.8 | 587 | 489 | -16.69% |
| 250k - 299,999 | 3.6 | 4 | 346 | 337 | -2.65% |
| 300k - 399,999 | 3.2 | 3.3 | 308 | 278 | -9.64% |
| 400k - 499,999 | 1.4 | 1.2 | 135 | 101 | -24.90% |
| 500k and more | 2 | 1.7 | 192 | 143 | -25.52% |
Some higher priced homes represent more of the market than in 2008, but in terms of real homes sold, they still experienced negative growth.
Fort Worth closes year of poor sales with poor sales
February 5, 2010
December is a disappointment after two months of positive one year changes in Fort Worth’s real estate market. There were 585 new homes sold in December, which was 7 percent less than the 626 sold last December. It was also a far cry, to the tune of 26 percent, from the 789 sold in December 2007. The market has not sold so few homes since February 2009’s 512.
| Year | Month | House Sales | 1 Yr Change | 2 Yr Change | Average Home Price | % Price Change | Median Home Price | % 1 Yr Change | Active Listings | % 1 Yr Change | Months of Inventory |
| 2007 | Dec | 789 | 141,300 | 119,600 | 5,509 | 6.982 | |||||
| 2008 | Jan | 600 | -0.17 | 128,200 | 0 | 113,300 | 0.03 | 5,555 | -0.05 | 9.258 | |
| 2008 | Feb | 765 | -0.12 | 137,900 | 0.03 | 115,700 | 0.01 | 5,554 | -0.07 | 7.26 | |
| 2008 | Mar | 849 | -0.22 | 144,000 | 0.11 | 116,300 | 0.02 | 5,602 | -0.12 | 6.598 | |
| 2008 | Apr | 907 | -0.04 | 139,900 | -0.03 | 114,700 | -0.03 | 5,594 | -0.13 | 6.167 | |
| 2008 | May | 1,010 | -0.11 | 157,700 | 0.06 | 123,600 | 0 | 5,478 | -0.15 | 5.423 | |
| 2008 | Jun | 997 | -0.11 | 152,200 | 0.08 | 120,700 | 0.01 | 5,418 | -0.16 | 5.434 | |
| 2008 | Jul | 958 | -0.13 | 147,400 | -0.04 | 120,000 | -0.03 | 5,467 | -0.16 | 5.706 | |
| 2008 | Aug | 916 | -0.22 | 146,200 | -0.02 | 120,800 | -0.01 | 5,252 | -0.17 | 5.733 | |
| 2008 | Sep | 854 | -0.02 | 141,200 | -0.02 | 116,900 | -0.02 | 5,120 | -0.19 | 5.995 | |
| 2008 | Oct | 773 | -0.16 | 135,800 | -0.08 | 111,800 | -0.04 | 4,934 | -0.2 | 6.382 | |
| 2008 | Nov | 506 | -0.36 | 132,000 | -0.07 | 112,300 | -0.05 | 4,847 | -0.18 | 9.579 | |
| 2008 | Dec | 626 | -0.21 | 138,100 | -0.02 | 110,200 | -0.08 | 4,482 | -0.19 | 7.159 | |
| 2009 | Jan | 463 | -0.23 | -0.36 | 125,000 | -0.02 | 103,900 | -0.08 | 4,705 | -0.15 | 10.161 |
| 2009 | Feb | 512 | -0.33 | -0.41 | 132,900 | -0.04 | 109,400 | -0.05 | 4,803 | -0.14 | 9.38 |
| 2009 | Mar | 684 | -0.19 | -0.37 | 138,600 | -0.04 | 109,200 | -0.06 | 4,872 | -0.13 | 7.122 |
| 2009 | Apr | 685 | -0.24 | -0.28 | 135,900 | -0.03 | 112,300 | -0.02 | 4,843 | -0.13 | 7.07 |
| 2009 | May | 781 | -0.23 | -0.31 | 139,100 | -0.12 | 112,600 | -0.09 | 4,849 | -0.11 | 6.208 |
| 2009 | Jun | 793 | -0.2 | -0.29 | 150,600 | -0.01 | 119,000 | -0.01 | 4,563 | -0.16 | 5.754 |
| 2009 | Jul | 882 | -0.08 | -0.2 | 141,200 | -0.04 | 118,400 | -0.01 | 4,607 | -0.16 | 5.223 |
| 2009 | Aug | 777 | -0.15 | -0.34 | 145,900 | 0 | 117,500 | -0.03 | 4,686 | -0.11 | 6.03 |
| 2009 | Sep | 732 | -0.14 | -0.16 | 136,700 | -0.03 | 112,300 | -0.04 | 4,589 | -0.1 | 6.269 |
| 2009 | Oct | 825 | 0.07 | -0.11 | 130,200 | -0.04 | 112,600 | 0.01 | 4,488 | -0.09 | 5.44 |
| 2009 | Nov | 709 | 0.4 | -0.11 | 143,100 | 0.08 | 113,700 | 0.01 | 4,472 | -0.08 | 6.307 |
| 2009 | Dec | 585 | -0.07 | -0.26 | 139,000 | 0.01 | 115,000 | 0.04 | 4,386 | -0.02 | 7.497 |
| Year | Month | House Sales | 1 Yr Change | 2 Yr Change | Average Home Price | % Price Change | Median Home Price | % 1 Yr Change | Active Listings | % 1 Yr Change | Months of Inventory |
Prices are looking up. December’s average home price was $139,000, which is slightly lower than November’s, but also 1 percent ahead of the $138,100 seen in December 2008. The median home price of $115,000 was 4 percent above December 2008 $110,200 and the highest posted since August 2009.