Data from the Greater Fort Worth Association of Realtors indicates a significant decrease in new home listings and homes under contract from April 2019 to April 2020.
The number of new listings and homes under contract decreased in all four ZIP codes that make up Community Impact Newspaper’s coverage area.
New listings decreased in ZIP code 76177 from 83 to 48, from 260 to 185 in ZIP code 76244, from 132 to 101 in ZIP code 76248 and from 83 to 48 in ZIP code 76262.
Homes under contract from April 2019 to April 2020 fell from 42 to 20 in ZIP code 76177, from 126 to 73 in ZIP code 76244, from 63 to 27 in ZIP code 76248 and from 63 to 45 in ZIP code 76262.
Additionally, the year-over-year median price of homes sold decreased in ZIP codes 76248 and 76262. Median prices decreased 0.88% in ZIP code 76248 and 11.61% in ZIP code 76262.
However, the median price increased year over year by more than 11% in both ZIP code 76177 and ZIP code 76244. The median price of homes sold from April 2019 to April 2020 increased 11.26% in ZIP code 76177 and 11.11% in ZIP code 76244.
