The National Association of Realtors is expecting a shift in negotiating power as many Buyers who have stayed out of the Market due to interest rates remaining high, start to re-enter the market. Read More Here.
Inventory Dilemma
According to the National Association of Realtors, existing single family home sales have fallen – while new construction sales have surged. Buyer demand is strong when inventory is available.
Median Price is Climbing
Median house price for Tarrant County, Fort Worth, and Johnson County has also risen, compared to 1st Quarter 2024.
Mortgage Rates remain High
While the Federal Reserve has been cutting the reserve rate, they have not done so as quickly as anticipated. Buyers are holding out in hopes of a rate drop to improve their housing affordability. Buyer confidence is gaining as many are predicting a reserve rate cut. Read More about Rates Here.
Quarterly Housing Report 2025
Metro area sales volume decreased 1.4% to 6,244 transactions. Median price increased 0.9% year-over-year to $353,000.
See the Housing Report Here.