Fort Worth, TX home prices and housing market

One in four homes for sale in Fort Worth just cut its asking price. If you own a home here and have wondered about selling, that number tells you who holds the leverage right now. Start with values. The typical Fort Worth home is worth about two hundred seventy-two thousand dollars, down roughly 1.7 percent from a year ago. That is a dip, not a slide. Now look at supply. There are about three thousand homes on the market, and roughly one thousand more came up for sale in the last month alone. Buyers have options, and they are taking their time, with the typical home sitting about 54 days before going under contract. But here is the tension. Even with all that softness, the median asking price is nearly three hundred thirty thousand dollars, well above what the typical home is actually worth. That gap is exactly why about 25 percent of listings have had to cut. Sellers are aiming high and meeting a market that will not follow them up. The takeaway is straightforward. If you price to today's market from day one, you can still sell well here. If you price for last year's hopes, you end up joining the quarter of listings chasing buyers down. Find out where your home actually sits with a free estimate at Home Value Pros dot com.