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Fort Worth homebuyers are getting more say in negotiations as market continues to cool - Dallas Business Journal

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“It’s kind of like a tug of war between the buyers and the sellers right now.'

With a still-cooling housing market, buyers in Fort Worth are starting to have more say in negotiations.

The median home price in Fort Worth dipped again last month, down to $340,000. The median home price has been falling steadily for several months, which indicates that housing prices are also dropping. However, the median price is still up 11.5% year-over-year, according to a report from the Greater Fort Worth Association of Realtors.

“It’s kind of like a tug of war between the buyers and the sellers right now because sellers don’t necessarily have to sell and that’s one of the things that’s kind of keeping the inventory down a little bit,” said, vice president of Connections and Career Success with JPAR Real Estate and 2022 president of the Greater Fort Worth Association of Realtors.

 

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