Fort Worth, TX housing market

More than a quarter of Fort Worth home listings have already cut their price, and that tells you almost everything about this market right now. About 27 percent of sellers have lowered their asking price, which usually means they started too high and the market pushed back. There are roughly two thousand nine hundred homes for sale across the city, with about one thousand one hundred seventy new listings hitting the market, so buyers have plenty to choose from. That choice is slowing things down. The typical home now sits for about 51 days before going under contract. The typical Fort Worth home value is around two hundred seventy-four thousand dollars, down about two and a half percent over the past year, while the median list price sits near three hundred twenty-nine thousand dollars. That gap between what sellers ask and what homes are actually worth is where the price cuts come from. If you are selling this summer, price it right from day one. Overprice, and you will likely join the quarter of listings chasing the market down.