Fort Worth median home prices down at end of 2023

Fort Worth ended the year with median home prices at $325,495. While high, that’s a 4.3% decrease year over year.

Tarrant County’s median home price was $337,990, which was down from December of 2022 by 3.4%.

Also down at the end of 2023 was inventory. Fort Worth was at 2.3 months, which decreased from 2.7 months in November but was up slightly year over year.

Mortgage rates have remained in the mid-6% percent range over the past four weeks, after falling from a late October peak of 7.79% for a 30-year-fixed-rate loan, according to Freddie Mac. The decrease has created a slight uptick in demand, so as sellers start to emerge after the holiday season, it will be important to move quickly, Realtors say.

Click here to read the full articlft worth homese
Source: Fort Worth Report

—–

If you have any questions or thoughts about the topic, feel free to contact us here or leave a comment below.