The market is healthy, but that fact alone may be misleading. A healthy market doesn’t always mean a high volume of homes are changing hands, and that’s certainly the case in Fort Worth. About 17% of homes eventually sell at a price cut, and a little over 2% will sell below their previous sale price.
Negative equity is about the same as the national average, at less than 1%. In an area where home values are notoriously low, the idea of price cuts can rightfully translate as a little intimidating.
Even though foreclosures are rare in Fort Worth and home values have gone up, it’s not a real estate paradise for anyone involved. The market is at a neutral temperature, and it has been for a while.
There’s nothing in the figures that suggests this will change in the near future, as this has almost always been the case in Fort Worth. If buyers move to Fort Worth from out of town, they’re almost always moving to Oakhurst or Crestwood. The rest of the city goes largely untouched.