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.

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