Fort Worth numbers up from January, but struggle to meet 2008 numbers

September 9, 2009

Fort Worth home sales have increased steadily since January 2009, but have no regained their footing to match previous years.  In July 2009 there were 840 new home sales in Fort Worth.  This is an increase over June 2009, but is 12 percent lower than July 2008’s 997 sales.  It is also 24 percent lower than July 2007’s 1104 sales.

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 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 772 -0.16 135,800 -0.08 111,800 -0.04 4,934 -0.2 6.391
2008 Nov 504 -0.37 131,900 -0.07 112,300 -0.05 4,847 -0.18 9.617
2008 Dec 625 -0.21 138,100 -0.02 110,100 -0.08 4,482 -0.19 7.171
2009 Jan 461 -0.23 -0.37 125,000 -0.02 103,700 -0.08 4,705 -0.15 10.206
2009 Feb 509 -0.33 -0.41 133,400 -0.03 109,600 -0.05 4,803 -0.14 9.436
2009 Mar 680 -0.2 -0.38 138,600 -0.04 109,100 -0.06 4,872 -0.13 7.164
2009 Apr 673 -0.26 -0.29 136,000 -0.03 111,900 -0.02 4,843 -0.13 7.196
2009 May 771 -0.24 -0.32 139,300 -0.12 112,800 -0.09 4,849 -0.11 6.289
2009 Jun 777 -0.22 -0.31 151,100 -0.01 118,900 -0.01 4,563 -0.16 5.872
2009 Jul 840 -0.12 -0.24 143,600 -0.03 118,700 -0.01 4,607 -0.16 5.484

The average and median prices in July drop from June 2009.  They are also lower than their 2008 counterparts.  The average price dropped 3 percent to $143,600 from last year, and the median price dropped to $118,700 from last year.  The average and median prices are both the second highest prices seen in the last year.

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