Fort Worth’s March hints at recovery

May 9, 2010

Fort Worth had 751 home sales in March 2010.   It is the highest number of sales for the quarter.  It is 10 percent higher than March 2009’s 684, but 12 percent lower than March 2008’s 849, which is why it’s only a hint.  It’s the highest price seen since October 2009.

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 686 -0.24 -0.27 135,700 -0.03 112,200 -0.02 4,843 -0.13 7.059
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 780 -0.15 -0.33 146,000 0 117,800 -0.02 4,686 -0.11 6.007
2009 Sep 739 -0.13 -0.15 136,300 -0.03 112,200 -0.04 4,589 -0.1 6.209
2009 Oct 844 0.09 -0.09 131,300 -0.03 113,400 0.01 4,488 -0.09 5.317
2009 Nov 750 0.48 -0.06 143,500 0.09 114,700 0.02 4,472 -0.08 5.962
2009 Dec 627 0 -0.21 136,400 -0.01 112,400 0.02 4,386 -0.02 6.995
2010 Jan 457 -0.01 -0.24 123,200 -0.01 102,700 -0.01 4,551 -0.03 9.958
2010 Feb 529 0.03 -0.31 127,900 -0.04 107,800 -0.01 4,613 -0.04 8.72
2010 Mar 751 0.1 -0.12 140,800 0.02 115,700 0.06 4,720 -0.03 6.284
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

The prices are offering the same hint.  The average home price was 2 percent higher than last March at $140,800.  It’s the highest price in six months.  The median home price was $115,700, which is 6 percent higher than last year and the highest price since October.

Fort Worth market shows minimal February improvements

April 18, 2010

The 538 homes sold in Fort Worth during February were 5 percent above the 512 from last February.  This is still not approaching the 765 sold in 2008.

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 780 -0.15 -0.33 146,000 0 117,800 -0.02 4,686 -0.11 6.007 2009 Sep 738 -0.14 -0.15 136,400 -0.03 112,200 -0.04 4,589 -0.1 6.218 2009 Oct 840 0.09 -0.09 130,400 -0.04 113,200 0.01 4,488 -0.09 5.342 2009 Nov 748 0.48 -0.06 143,600 0.09 114,700 0.02 4,472 -0.08 5.978 2009 Dec 622 -0.01 -0.21 136,200 -0.01 112,100 0.02 4,386 -0.02 7.051 2010 Jan 453 -0.02 -0.25 123,900 -0.01 103,400 0 4,551 -0.03 10.046 2010 Feb 538 0.05 -0.3 125,700 -0.05 106,000 -0.03 4,613 -0.04 8.574 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

The prices are a little better than January, but not approaching 2009’s prices.  The average price was $125,700, which is 5 percent lower than last year.  The median home price was $106,000, which was 3 percent lower than last year.

Fort Worth has terrible numbers in January

March 7, 2010

Fort Worth’s 444 sales are the lowest seen in the past three years.  January is never a high sales month, but this January was 4 percent lower than 2009’s 463 and 26 percent below 2008’s 600.  The market had two “1 year” increases in the past two years; however, every other month has seen a drop.

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 779 -0.15 -0.33 145,900 0 117,700 -0.03 4,686 -0.11 6.015
2009 Sep 734 -0.14 -0.15 136,600 -0.03 112,200 -0.04 4,589 -0.1 6.252
2009 Oct 835 0.08 -0.1 130,400 -0.04 113,000 0.01 4,488 -0.09 5.374
2009 Nov 744 0.47 -0.06 143,200 0.08 114,500 0.02 4,472 -0.08 6.01
2009 Dec 606 -0.03 -0.23 136,200 -0.01 111,700 0.01 4,386 -0.02 7.237
2010 Jan 444 -0.04 -0.26 126,100 0.01 102,700 -0.01 4,551 -0.03 10.25
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 not far off the mark.  The average home price of $126,100 is one percent higher than last January’s $125,000 and the median price of $102,700 was only one percent lower than last January’s $103,900.  The median is, unfortunately, the lowest median price seen in the past three years.

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.

Marketshares highlight poor market

January 13, 2010

There is only one price category to have a real increase in homes sold.  That price category includes homes price from $30,000 to $40,000, which increased in real homes sold by 20.9 percent.  All categories with homes priced under $60,000 also increased.


Fort Worth
Price Range Percent Distribution # of Sales
2008 2009e 2008 2009* Change
$29,999 or less 4.2 5 404 392 -2.95%
30,000 – 39,999 2.9 4.3 279 337 20.88%
40,000 – 49,999 3.3 3.7 317 290 -8.59%
50,000 – 59,999 3.6 4.2 346 329 -4.89%
60,000 – 69,999 4.7 4.1 452 322 -28.88%
70,000 – 79,999 5.6 5.1 539 400 -25.75%
80,000 – 89,999 6.3 6.8 606 533 -12.00%
90,000 – 99,999 7.4 7.3 712 572 -19.58%
Under 100k 38 40.5 3,655 3,176 -13.11%
100k – 119,999 14.1 14.4 1,356 1,129 -16.74%
120k – 139,999 13.3 13 1,279 1,019 -20.31%
140k – 159,999 8.7 7.5 837 588 -29.72%
100k – 160k 36.1 34.9 3,472 2,737 -21.18%
160k – 179,999 5.7 5 548 392 -28.49%
180k – 199,999 3.8 3.7 366 290 -20.62%
200k – 249,999 6.1 5.7 587 447 -23.82%
250k – 299,999 3.6 4 346 314 -9.42%
300k – 399,999 3.2 3.4 308 267 -13.38%
400k – 499,999 1.4 1.3 135 102 -24.30%
500k and more 2 1.6 192 125 -34.78%

We do not see midrange homes increasing their marketshare, as in the rest of the state, but homes in the low $100’s did show a slight uptick in percentage of market share

1 year sales and prices up for Fort Worth housing market

December 30, 2009

The 693 sales Fort Worth had in November 2009 were an increase of 37 percent from last November’s 506.  This is the lowest number of sales since April’s 685.  The sales are also lagging when the two year picture is reviewed.  There were 795 houses sold in November 2007.  This is 13 percent more than November 2009.

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 Nov 795 142,300 118,600 5,930 7.459
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 462 -0.23 -0.36 125,100 -0.02 103,800 -0.08 4,705 -0.15 10.183
2009 Feb 511 -0.33 -0.41 132,900 -0.04 109,400 -0.05 4,803 -0.14 9.399
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 791 -0.21 -0.29 150,600 -0.01 118,900 -0.01 4,563 -0.16 5.768
2009 Jul 881 -0.08 -0.2 140,900 -0.04 118,400 -0.01 4,607 -0.16 5.229
2009 Aug 775 -0.15 -0.34 146,000 0 117,500 -0.03 4,686 -0.11 6.046
2009 Sep 728 -0.15 -0.16 136,800 -0.03 112,300 -0.04 4,589 -0.1 6.303
2009 Oct 802 0.04 -0.13 129,600 -0.05 112,200 0 4,488 -0.09 5.596
2009 Nov 693 0.37 -0.13 144,400 0.09 113,600 0.01 4,472 -0.08 6.453
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

The prices showed a one year increase, too.  The average price increased a healthy 9 percent to $144,400.  The median home price was only one percent higher than the $112,300 in 2008 at $113,600.

Low end homes see controlled rise in marketshare

December 6, 2009

The data through October 2009 suggest Fort Worth will not see sales rise above their 2008 counterparts.  The distribution of prices show most of the homes sold in 2009 were extremely low priced homes.  All price categories under $60,000 show increases in marketshare.  The homes priced from $30,000 to $39,999 gained so much share of the market that with incomplete 2009 data, this category already has 9.8 percent higher real sales than in 2008, see below.


Fort Worth
Price Range Percent Distribution # of Sales
2008 2009e 2008 2009* Change
$29,999 or less 4.2 5.1 404 363 -10.11%
30,000 – 39,999 2.9 4.3 279 306 9.77%
40,000 – 49,999 3.3 3.8 317 271 -14.75%
50,000 – 59,999 3.6 4.3 346 306 -11.57%
60,000 – 69,999 4.7 4.2 452 299 -33.85%
70,000 – 79,999 5.6 5.2 539 370 -31.26%
80,000 – 89,999 6.3 6.8 606 484 -20.09%
90,000 – 99,999 7.4 7.1 712 506 -28.97%
Under 100k 38 40.8 3,655 2,905 -20.51%
100k – 119,999 14.1 14.2 1,356 1,011 -25.44%
120k – 139,999 13.3 12.9 1,279 919 -28.20%
140k – 159,999 8.7 7.5 837 534 -36.18%
100k – 160k 36.1 34.6 3,472 2,464 -29.05%
160k – 179,999 5.7 4.9 548 349 -36.36%
180k – 199,999 3.8 3.6 366 256 -29.87%
200k – 249,999 6.1 5.8 587 413 -29.61%
250k – 299,999 3.6 4.1 346 292 -15.69%
300k – 399,999 3.2 3.4 308 242 -21.34%
400k – 499,999 1.4 1.3 135 93 -31.26%
500k and more 2 1.6 192 114 -40.78%

Fort Worth shows a different trend than most other Texas cities, because the city lost sales in all the midpriced homes; however, there is a small uptick in share for homes priced between $250,000 and $399,999.  Perhaps those who would have invested in a higher priced home three years ago have scaled back and are safely buying these upper middle class homes.  Fort Worth is different from the rest of the state because there is not increase in midpriced homes.

October 2009 has marginal gains in Fort Worth real estate market

December 1, 2009

There were 833 homes sold in October 2009 in Fort Worth.  This isn’t a particularly great number and July 2009 had more, but it does offer some hope.  This is the first “one year percentage” gain in the past two years.  Fort Worth’s home sales jumped 8 percent from October 2008’s 773 sales.  There is still a 10 percent loss from two years ago, but this is also the lowest 2 year loss all year.

ear 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 Jan 727 127,900 109,700 5,837 8.028
2007 Feb 865 134,100 114,000 6,003 6.939
2007 Mar 1,091 130,300 114,500 6,372 5.84
2007 Apr 946 144,100 117,800 6,433 6.8
2007 May 1,136 148,600 123,500 6,454 5.681
2007 Jun 1,119 141,300 119,200 6,465 5.777
2007 Jul 1,104 154,300 124,100 6,499 5.886
2007 Aug 1,169 149,200 122,200 6,355 5.436
2007 Sep 868 143,400 119,500 6,339 7.302
2007 Oct 923 148,200 116,800 6,142 6.654
2007 Nov 795 142,300 118,600 5,930 7.459
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 505 -0.36 132,100 -0.07 112,500 -0.05 4,847 -0.18 9.598
2008 Dec 626 -0.21 138,100 -0.02 110,200 -0.08 4,482 -0.19 7.159
2009 Jan 462 -0.23 -0.36 125,100 -0.02 103,800 -0.08 4,705 -0.15 10.183
2009 Feb 511 -0.33 -0.41 132,900 -0.04 109,400 -0.05 4,803 -0.14 9.399
2009 Mar 684 -0.19 -0.37 138,600 -0.04 109,200 -0.06 4,872 -0.13 7.122
2009 Apr 684 -0.25 -0.28 135,900 -0.03 112,200 -0.02 4,843 -0.13 7.08
2009 May 777 -0.23 -0.32 139,200 -0.12 112,600 -0.09 4,849 -0.11 6.24
2009 Jun 791 -0.21 -0.29 150,600 -0.01 118,900 -0.01 4,563 -0.16 5.768
2009 Jul 879 -0.08 -0.2 140,700 -0.05 118,200 -0.02 4,607 -0.16 5.241
2009 Aug 771 -0.16 -0.34 146,100 0 117,500 -0.03 4,686 -0.11 6.077
2009 Sep 722 -0.15 -0.17 136,800 -0.03 112,000 -0.04 4,589 -0.1 6.355
2009 Oct 833 0.08 -0.1 131,200 -0.03 112,300 0 4,488 -0.09 5.387
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

Home prices are not making great strides, but they are not faltering either.  The average home price shows only a 3 percent drop from October 2008’s $135,800.  The median home price is the same this October as last October’s $112,300.

Extremely low priced homes dominate Fort Worth’s housing market

November 10, 2009

The first three quarters of 2009 price distribution data are now available, see table below.


Fort Worth
Price Range Percent Distribution # of Sales
2008 2009e 2008 2009* Change
$29,999 or less 4.2 5 403.998 314.4 -22.18%
30,000 – 39,999 2.9 4.3 278.951 270.384 -3.07%
40,000 – 49,999 3.3 3.9 317.427 245.232 -22.74%
50,000 – 59,999 3.6 4.3 346.284 270.384 -21.92%
60,000 – 69,999 4.7 4.3 452.093 270.384 -40.19%
70,000 – 79,999 5.6 5.2 538.664 326.976 -39.30%
80,000 – 89,999 6.3 6.7 605.997 421.296 -30.48%
90,000 – 99,999 7.4 7 711.806 440.16 -38.16%
Under 100k 38 40.7 3655.22 2559.216 -29.98%
100k – 119,999 14.1 14.2 1356.279 892.896 -34.17%
120k – 139,999 13.3 12.8 1279.327 804.864 -37.09%
140k – 159,999 8.7 7.6 836.853 477.888 -42.89%
100k – 160k 36.1 34.6 3472.459 2175.648 -37.35%
160k – 179,999 5.7 4.9 548.283 308.112 -43.80%
180k – 199,999 3.8 3.5 365.522 220.08 -39.79%
200k – 249,999 6.1 5.8 586.759 364.704 -37.84%
250k – 299,999 3.6 4 346.284 251.52 -27.37%
300k – 399,999 3.2 3.5 307.808 220.08 -28.50%
400k – 499,999 1.4 1.4 134.666 88.032 -34.63%
500k and more 2 1.7 192.38 106.896 -44.43%

True comparisons will have to wait until the last quarter’s data arrive, but there are some preliminary trends emerging.  For example, the price distributions experiencing market share growth are all extremely low priced home.  Homes in the $80’s seem to be increasing share as well as homes price below $59,999.  Luxury homes priced from $250,000 to $399,999 also show increased market share.

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