Thursday, August 24, 2017 / by Bernie Christian
Housing Inventory trending up in Fort Worth Area Code 76179
Inventory levels show a trend upward (see graph below) indicating that 76179 may reach a normalized market in the next month or so. However, based on the 3 year cycle, we also expect it to go right back down well into a sellers market in the last quarter of this year. The cycle itself is trending up when compared with the month of July a year ago.
While we've had multiple offers on many of our listings in the first quarter of this year, we have experienced this upward shift in that multiple offers have steadily tapered off over recent months. In other words, competition has softened some, yet it still being a seller's market, things are still competitive.
The main thing to take away from this is the fact that home prices are still going up as a result. However, I expect housing inventory to begin to trend down yet again shortly after September.
If you would like to know how the current housing inventory and these cycles affect the value of your home, call us today for a FREE consultation. At the Christian Group, Keller Williams Realty, Fort Worth, we've been helping buyers and sellers in the area since 2004 and we sell more homes in 76179 than any other singe real estate agent or team and we can help you sell yours.