Fort Worth market almost half of 2007
March 28, 2009
Fort Worth gained 55 home sales over January 2009. They ended February with 491 sales; however, this number is not only 35.8 percent lower than February 2008, but also 43.2 percent lower than February 2007. That is a huge drop. The market is almost half of where it was in 2007. February 2007 had 865 sales.
The average price was $130,900 for the Fort Worth real estate market. This is a 5.1 percent drop from 2008’s $143,400. If February is supposed to be the start of the market’s rebound, the extra $3600 over January’s average does not bode well. The median price gained $3300 from January to $107,000. This is 7.5 percent lower than February 2008.
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