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.

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