Residential supply and demand are balancing out in Fort Worth, and the seller’s market is long gone.
The city had 4.1 months inventory in August, compared to 3.7 a year prior, according to the Greater Fort Worth Association of Realtors. Inventory has been trending up in the area since 2022.
“Last year, we were still solidly in a seller’s market with low inventory. In some areas, we had less than a month inventory on the market,” said Paul Epperley, president of the Greater Fort Worth Association of Realtors.
Cowtown is more stable than Dallas and other major Texas cities. Tarrant County had 3.9 months inventory last month, while Dallas County had 4.7, and Texas had 5.5.
“Dallas had a little bit of an explosion of inventory in the second quarter this year,” Epperley said.
Active listings are up 11 percent year over year, and closings are up 2 percent in Tarrant County.
Closings in the Fort Worth suburb Aledo are up a whopping 500 percent year over year, due to the Walsh Ranch development, which is projected to deliver 18,000 homes once complete.
Colleyville is one of the only areas in Tarrant County where the average price per square foot rose 11 percent or more, along with the zip code that includes Meacham International Airport.
Prices rose modestly in suburban Grapevine and east Keller to the north, and in Benbrook, Kennedale and Arlington to the south and east. Prices dipped along the Interstate 35 West corridor, from Burleson to west Keller, and plummeted in downtown Fort Worth and the Haltom City area.Other Texas metros are more firmly in a buyer’s market. Austin had one of the highest seller-to-buyer ratios in the country this summer, and months of inventory grew especially high in the luxury and condo submarkets. In San Antonio, where sellers have been reluctant to adjust their expectations with the market, sales plunged 10 percent year over year in July.
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