Market Conditions for Fort Worth, Texas Reported by Ann Anker, REALTOR Updated February 10, 2012.

Current Market Rating: 3 1 2 3 4 5 Buyer's Seller's

Current Price Trend: 3 1 2 3 4 5 Falling Rising

Welcome to the Northeast Fort Worth Real Estate Market !!!
Northeast Fort Worth is THE place to live. New communities, new schools, parks and room to enjoy the great outdoors. Great real estate opportunities!
A new year and good news for the real estate market in Northeast Fort Worth and surrounding areas.

February began with 485 homes on the market, a decrease of 41% compared to the same period last year. Through January 104 homes sold, an increase of 28%, total revenue up 23% to $15,583,984. The average sales price, $149,846 and median home sales price of $138,000. Average days on the market decreased through January to 62 days, a 33 % decrease

2011 ended with an increase in number of homes sold over the previous year, a definite improvement of last few years. 1721 homes sold in 2011, a 2% increase with the total revenue up 3% to $272,408,485. The average home sales price was $158,285, up 1% and the median sales price unchanged at $146,700. Average number of days on the market for sold homes was 79, a 11% increase. January 2012 began with 716 homes available on the market, a 17% decrease from January 2011.

Last 6 years and number of homes sold
2011 1721
2010 1663
2009 1722
2008 1963
2007 2181
2006 2396

This area was mostly new construction through 2007

2011 results
1721 homes sold, up 2%
$272,408,485 total revenue, up 3%
$158,285 average home sales price, up 1%
$146,700 median home sales price, unchanged
716 homes on the market at end of year, 17% decrease
79 days average time of market for sold homes, 11% increase

2010 results 1663 homes have sold, down 5% from 2009 . Total dollar volume was also down 5% at $260,829,909 as compared to the same period of 2009. The average sales price is unchanged at $156,843, with the median price also unchanged at $147,000.

2009 closed with 1,722 homes sold, down 15% from 2008. Total sales of $270,724,230( down 17%) with the average sales price of $157,215, down only 3%. Fewer homes sold but average price still holding.

In 2008, 1963 homes sold, down 12%, with an average sales price of $161,649, up slightly (1%) with a total volume of $317,316,987. Not bad statistics for a " down " year: Listings and sales are down about the same percent with prices virtually unchanged.

In 2007 2,181 homes sold through December 2007 , down 9% from the same period in 2006 with the average sales price increasing (2%) at $158,991. Total $ volume for2007 was $346,759,371. The total dollar volume spend on real estate in this section of Fort Worth in 2006 was $359,959,818.

ZIP Codes: 76137, 76248

Location Characteristics: Northeast Fort Worth provides affordable, high-quality living; a thriving, diverse business environment ; outstanding education from kindergarten through college; a temperate climate; access to popular attractions; sophisticated fine art; community solidarity; renowned performing arts; and convenience to a bustling downtown that is the pride of its citizens and a model for cities across the nation. The half-million people of Fort Worth are genuinely friendly, spirited and quite diverse. Fort Worth is consistently ranked among the top places in the nation to live and do business. The economy is strong ! Come join us!!

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