Fort Worth Area Housing Report for September 2019

We are still at only 2.6 month of inventory, which is very much defined as a seller’s market. So there will still be some challenges when buying homes in the median price range. Additionally to consider, less than 4% of the home sales made up the $500k+ market. So if you are selling in this high-end range, expect your days on market to be a decent amount greater.

An important takeaway from this report is the days on market and days to close figures. If you are selling, the average home took 73 days to receive a contract and for the sale to complete. That is start to finish, from listing to funds cleared after closing.

If you are thinking you might want to sell, these market stats are a good indicator that you should allow and expect an average of 90 days from start to finish. Wanting to sell in April next year? Start consulting with your REALTOR and begin the planning in January.